LATEST NEWS

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    Enforcement

    US DOJ Probes Adani Group Over Potential Bribery Allegations

    By Mark Johnston | 18/03/2024

    The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.

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    Capital / Liquidity

    HKMA Finalises Rules on Market Risk, CVA Risk Capital

    By Editors | 18/03/2024

    The HKMA said the revised market risk and CVA risk capital frameworks will come into effect “on a day to be appointed”, but intended to be 1 January 2025.

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    Securities / Derivatives

    SEBI to Scale Back Launch of Optional T+0 Settlement Cycle

    By Ajoy K Das | 18/03/2024

    SEBI said the “beta version” of the optional T+0 settlement system has been approved by its board, but only for a “limited set of 25 scrips” and “with a limited set of brokers”.

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    AML / KYC

    Australia: ACCC Report Shows Scam Losses Are Declining

    By Sanday Chongo Kabange | 18/03/2024

    Report says scam losses in Q4 2023 almost halved compared to the same quarter in 2022, largely due to a sharp decline in investment scams.

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    AML / KYC

    UK Drafts ‘Debanking’ Law in Wake of NatWest Controversy

    By Mark Johnston | 18/03/2024

    HM Treasury has proposed legislation that aims to protect consumers from arbitrary financial exclusion based on political views.

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    Big Picture

    BIS Paper Calls for Stronger Oversight of Non-bank Retail Lenders

    By Mark Johnston | 17/03/2024

    The paper proposes a three-pronged regulatory approach to help guide the prudential oversight of NBFI retail lenders and mitigate risks.

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    Sanctions

    Russia Imposes New Personal Sanctions on 227 US Citizens

    By Editors | 17/03/2024

    The sanctions target several current and former State Department officials, along with journalists, researchers, and members of the business community.

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    Enforcement

    Hong Kong ICAC Charges CCB Banker for Taking Bribes

    By Sanday Chongo Kabange | 17/03/2024

    A former CCB Asia sales executive was charged for taking bribes to expedite the account opening process for six clients.

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    Sanctions

    OFAC Targets Another Vessel Over Iran Commodity Shipments

    By Editors | 17/03/2024

    The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.

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    Sanctions

    G7 Warns of Sanctions if Iran Delivers Missiles to Russia

    By Editors | 17/03/2024

    If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.

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