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Reporting & Disclosures
German Prosecutors Raid DWS Offices Over ESG Claims
By Editors | 01/06/2022
“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.
Market Abuse
US SEC Penalises Online Broker Over Meme Stock Restrictions
By Mark Johnston | 01/06/2022
In January 2021, TradeZero America halted trading in three meme stocks for about 10 minutes, but later told investors it had resisted instructions from its clearing broker to do so.
Cryptocurrency
Crypto Ads to be Screened in the Philippines from 7 July
By Editors | 29/05/2022
Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.
Structural Regulation
Hong Kong, US to End Mutual Recognition of Accountants
By Editors | 29/05/2022
An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.
PEPs & Sanctions
US Treasury Puts Russia on Path to Sovereign Default
By Manesh Samtani | 27/05/2022
The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.
Reporting & Disclosures
US SEC Funds Proposals Aim to Tackle Greenwashing
By ESG Investor | 27/05/2022
Asset managers will be required to justify their use of ESG labels under new proposals from the SEC.
Trading & Investment
WFE Sheds Light on Effectiveness of Circuit Breakers
By Editors | 26/05/2022
The study shows that the circuit breakers triggered during the March 2020 volatility contributed to alleviating financial market pressures.
CBDCs
US Banks Lobby Against Possible Issuance of CBDC
By Editors | 26/05/2022
The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.
Anti-Bribery & Corruption
Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes
By Manesh Samtani | 26/05/2022
The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.
Structural Regulation
‘Significant Issues’ Remain on US-China Audit Deal
By Editors | 26/05/2022
The SEC’s YJ Fischer confirmed that progress has been made in talks with Chinese regulators, but warned that time was “quickly running out”.
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