SEC punishes JPMorgan for recordkeeping failures with $125m fine
The Securities and Exchange Commission (SEC) has fined JPMorgan $125m due to ‘widespread and longstanding failures’ by the bank to maintain and preserve written communications.
FCA confirms new rules on climate-related financial disclosures
The Financial Conduct Authority (FCA) has published two policy statements that confirm the final rules and guidance to promote better climate-related financial disclosures.
FCA slaps HSBC with ?63.9m fine for AML failings
The Financial Conduct Authority (FCA) has fined HSBC Bank ?63,946,800 for failings related to its anti-money laundering processes.
EBA unveils public consultation on remote customer boarding guidelines
The European Banking Authority (EBA) has launched a public consultation on its draft guidelines for the use of remote customer onboarding solutions.
Fifth annual RegTech100 lists the companies compliance teams must know in 2022
As investment into RegTech skyrockets in 2021, RegTech Analyst has named the 100 must know companies in the sector as we head into 2022.
Japan to place new restrictions on stablecoin issuance
Japan’s Financial Services Agency (FSA) has revealed it is proposing new restrictions that would only enable banks and wire transfer services to issue stablecoins.
Taiwan unveils climate risk guidelines for banks and insurers
Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for banks and insurers on the climate risk disclosures they will be required to make from 2023 onwards.
Reserve Bank of New Zealand issues cash system safeguarding consultation
The Reserve Bank of New Zealand (RBNZ) has issued a consultation seeking feedback on challenges facing the country’s cash system and the options to maintain it.
New lending law comes into force in New Zealand to protect borrowers
A new responsible lending law has come into effect in New Zealand to protect borrowers and provide them with key lending protections.
Hong Kong has secured $3bn through the sale of denominated green bonds
The government of Hong Kong has revealed it has raised $3bn through the sale of green bonds denominated in US dollars and Euros.
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