The FSC is working with Meta and Google to remove misleading investment advertisements from their platforms.
May 30, 2023The measures include better disclosures about investment products and services and a ban on inducements for “execution-only” sales.
May 26, 2023The increasing usage of QR codes for cashless payments have led to a spike in phishing scams in Singapore.
May 24, 2023The code will be enforceable and set clear expectations on the obligations of banks, telcos and social media platforms.
May 22, 2023US banks are working on updating their emergency response and risk capabilities, along with business continuity plans, to tackle the social media threat.
May 19, 2023In the years leading up to SVB's failure, DPFI identified deficiencies at the bank, but "did not take adequate steps" to ensure they were resolved quickly.
May 14, 2023Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.
May 11, 2023The G7 ministers intend to outline plans to prevent the kind of bank runs that led to the collapse of Silicon Valley Bank.
May 10, 2023SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.
May 9, 2023Meta is said to be addressing scams "more efficiently" than Google, after Taiwan regulators asked both to remove misleading financial ads from their platforms.
April 24, 2023