The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.
October 25, 2023Angela Ang says Australia’s proposal for regulating digital asset platforms meets a high regulatory bar while also supporting innovation.
October 23, 2023The penalty against ICICI Bank was more than all the combined penalties imposed by the RBI on private banks for fiscal year 2023.
October 18, 2023FCA chair Ashley Alder outlined plans to reform the UK asset management regime, focusing on proportionality, innovation and productive investment.
October 17, 2023Dual reporting is intended to show how the use of internal models affects a bank’s RWA outcomes compared to using the standardised approach.
October 4, 2023Affiliates of Goldman Sachs, JP Morgan, and Bank of America were fined a total $53mn for violating rules for swap dealers.
October 3, 2023The New Zealand FMA and UK’s FRC have agreed on mutual recognition of the professional qualifications of auditors.
September 29, 2023Entities created or registered in 2024 would have 90 days instead of 30 days to file their beneficial ownership reports.
September 28, 2023The proposed changes seek to fix some inconsistencies and align the EFS requirements with the updated capital framework released in 2021.
September 28, 2023Goldman Sachs has agreed to USD 6 million for submitting deficient submissions that included missing or inaccurate trade data for at least 163 million transactions.
September 25, 2023