On 20 June 2024, the Monetary Authority of Singapore (MAS) announced the publication by Singapore of its updated Money Laundering (ML) National Risk Assessment (NRA), as part of its continuing efforts to maintain the effectiveness of its anti-money laundering (AML) regime amidst the evolving risk landscape.
The
On 12 June 2024, the Securities and Futures Commission (SFC) held a briefing session to explain its regulatory expectations to the virtual asset trading platform (VATP) applicants that are now deemed to be licensed after 1 June 2024.
In a press release, the SFC noted that over 60 participants –
On 5 June 2024, the Securities and Futures Commission (SFC) published a speech by its Chief Executive Officer, Ms Julia Leung, on ‘Building a Fintech Ecosystem to Shape the Future of Finance’.
In the speech, Ms Leung focuses on distributed ledger technology (DLT), noting that financial professionals are debating whether it
On 1 July 2024, the European Commission adopted a draft Commission Implementing Regulation amending the implementing technical standards laid down in Commission Implementing Regulation (EU) 2016/1799 as regards the mapping tables specifying the correspondence between the credit risk assessments of external credit assessment institutions (ECAIs) and the credit quality steps set out in
In our new video, Jonathan Herbst and Glenn Hall discuss the four key themes the financial services sector needs to watch out for, should there be a Labour government. Glenn also talks about how policy making evolves in the first 100 days, should a new government come in including preparing for a King’s speech
We have published a new briefing note, FCA / PRA focus on D&I: What do firms need to be doing now?
In this briefing note we set out 10 practical tips for regulated firms to consider to ensure that D&I considerations are effectively and impactfully embedded into their policies, procedures, controls, systems and governance structures.
On 1 July 2024, the Financial Conduct Authority (FCA) updated its webpage on the sustainability disclosure and labelling regime, to add new information on how to notify it when a fund is using an investment label. The updated webpage also includes details of how to apply to make associated changes to a fund’s