RBI panel recommends new regulatory framework for cooperative banks
A Reserve Bank of India (RBI) panel has proposed a new four-tier structure for regulating and improving urban cooperative banks (UCBs).
SEC and DOJ charge ex-CEO of Silicon Valley startup HeadSpin with $80m fraud
The Securities and Exchange Commission (SEC) charged the former CEO of HeadSpin Manish Lachwani with defrauding investors out of $80m by falsely claiming the company had achieved strong and consistent...
FCA concerned insurers unprepared for governance regulation
The UK’s Financial Conduct Authority worries many insurance firms are not prepared for upcoming product governance regulation changes.
Why firms might need to reassess the use of in-house document and excel products
As regulations continue to become more stringent, the tools companies have got used to using may soon be inadequate for meeting compliance.
SEC fines Healthcare Services Group $6m over contingency reporting lapses
Healthcare Services Group agreed to pay $6m as part of a settlement with the Securities and Exchange Commission (SEC) for contingency reporting failures that led...
US teams with Singapore to tackle cybersecurity, sustainable finance challenges
The US and Singaporean governments have entered into a new cooperation agreement to partner in the key areas of cybersecurity, the economy and the climate.
MioTech to upgrade ESG data services on the back of Series B+ close
MioTech, an AI-powered sustainability data and solution developer, has closed its Series B+ round, which will help it increase product development efforts.
Indonesian financial authority unveils digital banking regulatory framework
Indonesia’s Financial Services Authority (OJK) has introduced a regulatory framework for digital banks in its updated commercial banking regulations.
Hong Kong’s SFC introduces climate risk requirements for fund managers
Hong Kong’s Securities and Futures Commission (SFC) will require fund managers to take climate-related risks into consideration in their future investment and risk management processes.
Are changing regulations a threat for WealthTech firms?
Wealth management institutions have been dealing with greater complexity in areas of compliance and regulation. As the number of jurisdictions increases, so does potential liability and, as a result, global companies must embrace digitalisation to stay clear of legal hot waters.
