United States

ESG / Sustainability

Sri Lanka SEC, CSE Sign MOU with Accounting Body on ESG

By Duruthu E Chandrasekera | 08/09/2022

MOUs with CFA Society and CA Sri Lanka were signed as a prelude to the establishment of an ESG index by the CSE.

Crypto / Digital Assets

Thai SEC Advances Work to Revamp Rules for Crypto Firms

By Editors | 08/09/2022

The SEC will appoint a working group to consider amendments to the regulatory framework. Separately, it has filed a police complaint against Zipmex.

Securities / Derivatives

Big Four Auditor Facing HK Lawsuit Over Chinese Audit

By Editors | 07/09/2022

The liquidator of a now-collapsed Chinese biotech firm said the auditor could have easily exposed fraud by asking obvious questions.

AML / KYC

US Fed Ends HSBC 2012 Deferred Prosecution Agreement

By Editors | 06/09/2022

HSBC welcomed the decision, saying its employees have worked hard over the last decade to transform the bank’s financial crime risk management capabilities.

Crypto / Digital Assets

Digital Dollar Project Launching Sandbox to Explore CBDC

By Editors | 06/09/2022

The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.

Capital / Liquidity

Philippines to Assess Financial Conglomerate Risks in October

By Editors | 06/09/2022

The first supervisory college focusing on financial conglomerates concluded in June. The second supervisory college will commence in October.

AML / KYC

BSP Rolls Out New Cyber Risk Management Software at FIs

By Editors | 06/09/2022

The software will streamline and automate regulatory supervision, reporting and compliance assessment of banks’ cybersecurity risk management.

Market Infrastructure

CSRC to Accelerate Work on Overseas Listing Framework

By Darien Choong | 05/09/2022

The CSRC will push forward legislation to enact new overseas listing rules, and support the establishment of a new registration system for Chinese firms seeking foreign IPOs.

Enforcement

Thai SEC Penalises Bitkub CTO for Insider Trading Violations

By Editors | 05/09/2022

Bitkub’s CTO bought the company’s own digital token, KUB Coin, based on inside information about a proposed acquisition by Siam Commercial Bank.