ADVERTISEMENT
ESG / Sustainability
Fed Board Proposes Climate Risk Framework for Large US Banks
By Editors | 06/12/2022
One governor said he disagrees with the premise that climate change poses a serious risk to large banks and US financial stability because stress tests show the banks are resilient.
Market Infrastructure
HKTR Announces Transitional Arrangement to Accommodate UTI Reporting
By Editors | 05/12/2022
Due to different UT adoption timelines across jurisdictions, reporting entities are allowed to report the UTI in any of the data fields of “UTI-USI”, “UTI-TID” or “Global UTI”.
Sanctions
US, Korea, Japan Sanction DPRK Over Missile Tests
By Manesh Samtani | 05/12/2022
The sanctions were imposed in response to recent ballistic missile tests, including one that had enough range to reach the US mainland.
AML / KYC
US Court Dismisses Remaining Charges Against Huawei CFO
By Editors | 05/12/2022
The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.
ESG / Sustainability
Florida to Divest $2bn from BlackRock Over ESG Objections
By Editors | 05/12/2022
Florida CFO Jimmy Patronis describes BlackRock’s ESG strategy as a “social-engineering project” that has “nothing to do with maximizing returns”.
AML / KYC
US Banks Preparing to Accept More Liability for Zelle Frauds
By Editors | 04/12/2022
Under the planned rules, member banks would be responsible for certain fraudulent transactions made on the Zelle network, even if self-initated by the customer.
Enforcement
US Financial Firms to Spend $18bn on Surveillance Tech This Year
By Editors | 03/12/2022
The increased spending comes after multiple financial firms were fined for failing to monitor and keep records on employees’ communications via messaging apps.
Crypto / Digital Assets
DTCC Publishes Findings from Experimental CBDC Work
By Editors | 02/12/2022
The prototype developed was able to connect two distinct asset networks to enable “secure, resilient, and efficient security settlement with CBDC.”
AML / KYC
Texas Unseals Charges Against 21 Crypto Money Launderers
By Editors | 02/12/2022
The 21 US citizens charged helped to move proceeds from US fraud victims to foreign criminal organisations using crypto.
Crypto / Digital Assets
MAS Grants MetaComp Licence to Offer DPT Services in Singapore
By Editors | 01/12/2022
MetaComp, a unit of MetaVerse Green Exchange, is now able to offer regulated digital payment token services in Singapore.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.