News

Binance’s regulatory woes continue with Singapore warning

Binance, one of the world’s largest cryptocurrency exchanges, has withdrawn certain services in Singapore, whose monetary authority has become the latest financial regulator to warn it about operating without a licence.

08 September 2021

Skadden hires from OCC

A senior hand at the Office of the Comptroller of the Currency has joined Skadden Arps Slate Meagher & Flom.

08 September 2021

Singapore goes SPAC to basics

The Singapore Exchange is rolling out easier guidelines for special purpose acquisition companies, making it the first major bourse in Asia to list blank cheque companies.

06 September 2021

APRA outlines climate stress tests as experts cast doubt over process

Australia’s prudential regulator has released details of the climate assessments the country’s largest banks are currently conducting, as environmental campaigners liken the regulator’s existing climate-related stress testing guidance to similar models that preceded the 2008 financial crisis.

06 September 2021

Former Obama aide tapped for NYDFS

New York’s new governor has named Adrienne Harris as the new superintendent of the state’s Department of Financial Services.

02 September 2021

“More skin in the game”: Australian regulator finalises remuneration overhaul

Australia’s prudential regulator has confirmed new remuneration rules for the banking sector, after revising more prescriptive plans for the application of risk and conduct requirements.

02 September 2021

EU banks lack progress on ESG, controversial BlackRock study says

European banks still lack any sort of “explicit and comprehensive” risk strategy for ESG, according to a report carried out by BlackRock on behalf of the European Commission – even as critics argue the asset manager failed to put aside its own interests in producing the report.

31 August 2021

South Korea to establish independent crypto supervisor

South Korea is set to form a cryptocurrency supervising body, as Brazil’s central bank announces plans for a national cryptocurrency framework.

31 August 2021

Binance "not capable" of being effectively supervised, FCA says

The UK’s Financial Conduct Authority has said that cryptocurrency exchange Binance is “not capable” of being effectively supervised and poses “significant risk”, after it revealed the platform had skirted standard information requests over the last year.

26 August 2021

Danske Estonia class action dismissed in New York appeals court

A New York appeals court has dismissed a proposed investors’ class action against Danske Bank over alleged misstatements related to a US$230 billion money laundering scandal at its Estonian branch.

26 August 2021

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