Sustainable Finance

Singapore, China Deepen Collaboration on Green Finance

24/04/2023

MAS-PBOC green finance taskforce will work on taxonomy interoperability, the sustainability bond market, and digital green bonds.

Market Abuse

Singapore Jails Stock Trader for False Trading Offences

23/04/2023

The trader used 14 trading accounts to create a false appearance of active trading in the market for shares in KTL Global.

Fraud, Scams & Cybercrime

ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair

23/04/2023

The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.

Conduct, Culture & Accountability

FSC Korea Seeks Reforms on Performance-based Pay

23/04/2023

The reforms include expanding the use of malus and clawback of deferred pay and requiring disclosures of the amounts paid to individual executives.

Structural Regulation

Singapore to Revert to Physical General Meetings in July

23/04/2023

Listed companies will have to hold general meetings at a physical space in Singapore, but they may also use virtual meeting technology to allow remote participation.

Resolution & Recovery

Credit Suisse AT1 Bondholders File Suit Against FINMA

22/04/2023

Investors representing over $5bn of Credit Suisse AT1 bonds are seeking redress for the losses they suffered during the takeover by UBS.

Operational Risk

DBS Formed a Special Committee to Oversee Probe into March Outage

22/04/2023

Senior minister said the November 2021 and March 2023 incidents at DBS appear unrelated, but that the bank’s new special committee will determine if there are “common underlying weaknesses”.

PEPs & Sanctions

UK Sanctions Russians Over ‘Politically-motivated Conviction’

21/04/2023

The sanctions target two FSB agents who were allegedly involved in poisoning political activist Vladimir Kara-Murza, as well as a judge and two investigators.

Structural Regulation

RBA to Undergo Overhaul Following Comprehensive Review

21/04/2023

The review report suggests splitting the RBA’s board into a monetary board and a corporate governance board.