If there’s one thing regulators don’t like, it’s being ignored. And in Hong Kong, if you try to duck the calls of the market watchdogs, they’ll make sure everyone knows.
Extreme weather is no longer an abstract headline, it’s becoming a lived experience for much of the world. Deloitte’s latest Sustainability Signals survey shows that more than half of people globally have faced events like intense summer heat, flooding, or powerful storms in the past few years, with these encounters strongly shaping attitudes, spending habits, and workplace expectations.
The European Banking Authority (EBA) has found that supervisory technology, or SupTech, has the potential to make anti-money laundering and countering the financing of terrorism (AML/CFT) supervision more efficient, data-driven, and risk-focused across the EU, but warns that adoption is still in its early stages and not without challenges.
For years, Rent4Keeps and one of its biggest franchisees, Darranda, made their money by selling essential household goods to people who could least afford them and charging them eye-watering sums along the way.
Since the EU’s Digital Operational Resilience Act (DORA) took effect on January 17, 2025, financial entities across Europe have been working to align with its far-reaching operational resilience and ICT security rules. Now, Germany’s Federal Financial Supervisory Authority (BaFin) has stepped in with a tool designed to make one of DORA’s more challenging elements (documentation requirements) easier to grasp.
The Joint Committee on Climate Change (JC3) gathered for its 15th meeting recently, with more voices at the table and a clear determination to accelerate Malaysia’s climate agenda. Co-chaired by Bank Negara Malaysia and the Securities Commission Malaysia, the committee welcomed nine new members, bringing a broader and more diverse representation of the financial sector into the conversation.
The New York State Department of Financial Services (DFS) has reached a $48.5 million settlement with Paxos Trust Company over systemic anti-money laundering (AML) deficiencies and failures to adequately vet its former business partner, Binance. The agreement, announced by Superintendent Adrienne A. Harris on August 7, requires Paxos to pay a $26.5 million penalty to the state and commit an additional $22 million to bolstering its compliance program under a DFS-approved remediation plan.