United States

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    Credit Risk

    New York Fed Says Banks are Obscuring Risks of CRE Loans

    By Thisanka Siripala | 26/10/2024

    New paper says banks are using “extend-and-pretend” tactics as a way to avoid recognising distressed loans in the commercial real estate market.

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    PEPs & Sanctions

    DOJ Can Prosecute State-Owned Turkish Bank, Court Rules

    By Editors | 25/10/2024

    Halkbank was accused in 2019 of helping Iran to evade US sanctions, but the possibility of legal immunity surrounding the case has been ongoing until now.

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    Market Abuse

    US SEC Settles Charges with Associate of Short Seller Andrew Left

    By Mark Johnston | 24/10/2024

    The SEC said Ryan Choi misled investors in two tweets and profited from trades in two companies without properly disclosing his trading activity.

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    Conduct, Culture & Accountability

    US CFPB Imposes Penalties on Goldman Sachs and Apple

    By Nithya Subramanian | 24/10/2024

    Goldman is banned from launching new credit card products until it can demonstrate compliance with federal law.

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    PEPs & Sanctions

    US Finalised $20b Portion of G7 Loan for Ukraine

    By Editors | 24/10/2024

    The rest of the $50bn loan will be provided by other G7 allies. Earnings from frozen Russian assets will be used for repayments.

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    Sustainable Finance

    ACMF Endorses V2 of ASEAN Transition Finance Guidance

    By Nithya Subramanian | 24/10/2024

    The Version 2 guidance provides guidance on reference transition pathways, to help companies develop their individual transition plans.

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    Cybersecurity

    US SEC Fines Four Companies Over Misleading Cyber Disclosures

    By Mark Johnston | 24/10/2024

    The four companies provided misleading disclosures about cybersecurity breaches associated with the SolarWinds hack.

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    Data Privacy

    US CFPB Finalises Open Banking Rule, Giving Consumers Control Over Data

    By Nithya Subramanian | 24/10/2024

    The new rule aims to promote competition, improve services, and enhance privacy protections for consumers, but some banking groups have challenged it.

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    Anti-Money Laundering

    FinCEN Issues New Alert on Countering Hezbollah Activities

    By Editors | 24/10/2024

    The alert builds on a May advisory on Iran-backed terrorist groups and sets out indicators to assist FIs in identifying and reporting activity involving Hezbollah.

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    Fraud, Scams & Cybercrime

    US Court Indicts Two Sudanese Nationals Linked to DDoS Attacks

    By Nithya Subramanian | 23/10/2024

    The two men operated and controlled Anonymous Sudan, a cybercrime group responsible for several DDoS attacks in the US and elsewhere.

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