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Reporting & Disclosures
ESG Explainer: SEC Lays Its Cards on the Table
By ESG Investor | 25/05/2022
Despite high levels of investor support, proposed rules on climate-related disclosures have prompted questions of regulatory over-reach.
Capital Adequacy
How Canada’s Big Banks Used Their War Chests During the Pandemic
By Lalinda Sugathadasa | 25/05/2022
Lalinda Sugathadasa analyses the approach Canadian regulators and D-SIBs adopted during the pandemic to remain profitable despite a build-up of excess capital.
Reporting & Disclosures
US SEC Fines BNY Mellon Unit for ESG Misstatements
By Editors | 25/05/2022
BNY Mellon Investment Adviser stated in documents that all investments in its funds had undergone an ESG quality review, but that this was not always the case.
Trading & Investment
ARRC Endorses 12 Month Term SOFR for Legacy LIBOR Loans
By Manesh Samtani | 24/05/2022
ARRC approved the CME 12-month Term SOFR rate for legacy LIBOR consumer products and trade and receivables finance.
Anti-Money Laundering
US SEC Fines Wells Fargo Advisors $7m for AML Failures
By Editors | 24/05/2022
Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.
Conduct, Culture & Accountability
US SEC Probes Use of Text Messaging by Major Banks
By Editors | 23/05/2022
The probe is reportedly aimed at gauging how pervasive the use of unauthorised messaging platforms is for business-related messages.
PEPs & Sanctions
US Federal Court Declares Crypto Subject to Sanctions Laws
By Mark Johnston | 20/05/2022
A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.
Conduct, Culture & Accountability
Philippines Passes Law to Enhance Financial Consumer Protections
By Sanday Chongo Kabange | 19/05/2022
The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.
Fraud, Scams & Cybercrime
US Charges Crypto CEO for Fraudulent Investment Scheme
By Mark Johnston | 19/05/2022
Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.
PEPs & Sanctions
US Warns Foreign Banks Against Facilitating Sanctions Evasion
By Editors | 18/05/2022
Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.
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