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United States
Cryptocurrency
Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message
By Manesh Samtani | 15/03/2023
Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
Cryptocurrency
SEC Thailand Consults on Proposal to Ban Crypto Lending
By Editors | 15/03/2023
The ban is being proposed to protect investors from situations where service providers suffer financial problems or their services are discontinued.
Operational Risk
Credit Suisse Identifies “Material” Financial Reporting Weaknesses
By Editors | 15/03/2023
The weaknesses related to a “failure to design and maintain an effective risk assessment process to identify and analyse the risk of material misstatements”.
Sustainable Finance
Philippines to Adopt ASEAN SRFS, Issue Blue Bond Framework
By Editors | 15/03/2023
The SEC will adopt the ASEAN Sustainable and Responsible Fund Standards and separately release a new blue bond framework by Q2.
Cybersecurity
CFTC Unveils Newly Constituted Tech Advisory Committee
By Editors | 14/03/2023
Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.
Capital Adequacy
US Fed to Consider Tightening Rules for Midsized Banks
By Editors | 14/03/2023
The Federal Reserve will review capital, liquidity and stress testing requirements it imposes on mid-sized lenders.
Resolution & Recovery
HSBC Acquires Silicon Valley Bank’s UK Unit for £1
By Editors | 14/03/2023
HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.
Reporting & Disclosures
Fitch Rating Analyses ESG Fund Regulation Globally
By ESG Investor | 13/03/2023
New Fitch report compares fund-level ESG regulatory developments across North America, Europe and Asia.
Resolution & Recovery
Fed to Provide Liquidity Backstop as Two More Banks Close
By Manesh Samtani | 13/03/2023
US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
Cybersecurity
CFTC to Develop Stronger Rules to Address Cyber Risk
By Editors | 12/03/2023
The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.
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