The European Securities and Markets Authority (ESMA), the EU's financial markets regulator, has released its Annual Report for 2023, detailing key achievements in implementing its new 5-year strategy aimed at enhancing investor protection and promoting stable financial markets across the European Union.
The Federal Reserve Board and Arkansas state regulators have taken formal enforcement action against Evolve Bancorp, Inc. and its subsidiary Evolve Bank & Trust over deficient risk management and compliance controls related to the bank's fintech partnership business model.
The Australian Prudential Regulation Authority (APRA) has released its finalized prudential practice guide aimed at strengthening operational risk management and business continuity planning for banks, insurers and superannuation trustees.
The Securities and Exchange Commission announced settled charges against hedge funds Anson Funds Management LP and Anson Advisors Inc. for misleading investors about their relationships and arrangements with activist short sellers.
The U.S. Department of Homeland Security (DHS) has added three new Chinese companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. These additions target seafood, aluminum, and footwear industries, critical sectors in Xinjiang’s economy, to block the importation of goods produced with forced labor into the U.S.
President Joe Biden nominated several experienced attorneys and law enforcement officials to fill key regulatory roles overseeing the banking, securities, and insurance industries. The nominees bring decades of expertise in areas like financial fraud investigations, corporate compliance, and consumer protection.
The Department of Justice announced a slate of major prosecutions for environmental crimes in May 2024, providing a stark reminder of the regulatory risks facing companies that fail to prioritize environmental, social, and governance (ESG) issues.