Trading & Investment

Korea Offers Tax Benefits to Investors in High Yield Bond Funds

14/05/2023

The incentive is expected to help boost the demand for mid- and low-credit grade corporate bonds in the market.

Anti-Bribery & Corruption

US SEC Fines Philips for Corrupt Practices in China

14/05/2023

Dutch medical supplier engaged in “improper” conduct and bidding practices to sell its medical technology products in China.

Structural Regulation

MAS Reappoints Ravi Menon as Head for Two More Years

14/05/2023

Menon will serve as Managing Director until 31 May 2025 or his retirement from the Singapore Public Service, whichever is earlier.

Emerging Prudential Risks

Hong Kong Roundtable: Bankers Explore Evolving Risk Landscape

14/05/2023

Regulation Asia and Wolters Kluwer held a roundtable with Hong Kong bankers to discuss the evolving risk landscape in the city.

PEPs & Sanctions

Philippine AMLC Issues New Sanctions Screening Guidance

13/05/2023

An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.

Liquidity Risk

California Regulator Concludes Reviews into SVB Failure

13/05/2023

In the years leading up to SVB’s failure, DPFI identified deficiencies at the bank, but “did not take adequate steps” to ensure they were resolved quickly.

AI Risk & Governance

Key Committees in EU Parliament Vote to Adopt “AI Act”

13/05/2023

The rules are aimed at supporting AI innovation while also protecting rights, strengthening oversight, and ensuring mature governance and enforcement.

Cryptocurrency

Jane Street, Jump Crypto to Scale Down US Crypto Business

13/05/2023

Jane Street Group and Jump Crypto are the latest firms to scale down US operations, citing regulatory uncertainty.

Conduct, Culture & Accountability

NYDFS Proposes Guidance on ‘Character and Fitness’ Reviews

13/05/2023

Superintendent Adrienne Harris said character and fitness standards have become a “policy priority” in light of “recent events” in the industry.