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Housing Wire
Fed approves final changes to Volcker rule

The Federal Reserve, along with four other regulatory agencies announced Tuesday they gave final approval to changes in the Volcker rule.

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HKEX races to win support as LSE bid deadline looms

Hong Kong Exchanges and Clearing is racing against the clock to make a formal bid for the London Stock Exchange Group by Wednesday’s deadline after the LSE has indicated a substantial uplift to the preliminary £32bn proposal and its terms is needed to unlock further discussions.

Hong Kong SFC releases new rules affecting “virtual assets” fund managers

The Hong Kong Securities and Futures Commission (SFC) has released new rules that will guide fund managers in their investment in virtual assets. The announcement on October 4, said that the SFC has formalized a framework that had been put in place in November 2018. The framework focused on the regulation of funds management firms that put over 10% of their portfolio in virtual assets.

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Virtual Banks In Hong Kong Are Set To Rekindle The Retail Banking Experience

The Hong Kong Monetary Authority (HKMA) recently announced eight new virtual banking licenses in the market, and their operators will all launch new digital-only banks there before or in early 2020.

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FX Week
HKMA dismisses cash limit rumours as tensions escalate

Emergency laws will not affect cash withdrawal or capital flows, HKMA says.

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yahoo! finance
China removes former head of securities regulator from government post after corruption probe

The former head of China's top securities regulator, Liu Shiyu, has been removed from a government position following an investigation by the country's anti-corruption watchdog, the watchdog said on Friday.

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Macao passes all FATF technical compliance recommendations to combat money laundering

China's Macao Special Administrative Region (SAR) has passed all technical compliance recommendations by the Financial Action Task Force (FATF), the Financial Intelligence Office of the SAR government said in a press release recently.

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South China Morning Post
Samsung heir Lee Jae-yong to step down from board before bribery trial

The de facto leader of Samsung Electronics, Lee Jae-yong, plans to give up his board seat after his directorship expires in late October as he prepares for another trial over alleged bribery, a person familiar with the matter said.

Zuckerberg to testify before Congress on Libra

Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on Oct. 23 regarding his company’s planned venture into the cryptocurrency space.

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Japan’s Financial Services Agency issues draft guidelines for funds investing in cryptocurrencies

Japan’s Financial Services Agency (FSA) has published draft guidelines for funds investing in cryptocurrencies, CoinDesk reported.

South Korea Is Hoping for Regulatory Clarity as Crypto Laws Toughen

South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest. 

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Danske Bank stops hiring new staff amid higher compliance costs

Danske Bank has started a hiring freeze to cope with rising compliance costs and a tough business environment, the bank said on Thursday.

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U.S. Companies Unaware Of EU Cybersecurity Regulations

U.S. companies have been abuzz about compliance requirements with the European Union’s (EU) Global Data Protection Regulation (GDPR), which became effective May 25, 2018. 

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UK's Financial Regulator Widens Scrutiny of Crypto Industry

Britain's financial watchdog has significantly widened its scrutiny of the cryptocurrency industry this year, as the number of companies being investigated has risen by 74%.

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Crypto ETF Advocates Face SEC Resistance Despite Strategic Shift

After years of delays and false signs of progress, asset managers looking to start the first cryptocurrency exchange-traded fund are heading back to the drawing board.

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Business Review
European Union anti-money laundering laws to include cryptocurrencies

Cryptocurrency has often been recognised as a creation that can help mass numbers of people. Most notably the unbanked populations who do not have access to financial services or have to pay over the odds to transfer fiat currencies to other countries. Yet, crypto has not been cleared of criticism over the years with many pointing to its ability to help with money laundering schemes, criminal activity and even acts of terrorism.

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DW - Made for minds.
Russia brands opposition leader Navalny anti-corruption group a 'foreign agent'

Opposition leader Alexei Navalny's Anti-Corruption Foundation has been declared a "foreign agent" by Russian authorities. The organization says the move is aimed at hindering its investigative work.

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Cox accused of blocking Saudi corruption probe

Anti-corruption campaigners have accused the UK’s top law officer of invoking national security to block a long-running bribery probe into an Airbus subsidiary involved in a sensitive UK defence contract with Saudi Arabia.

Fighting Corruption in the Age of "Fake News"

"Fake news", the dissemination of false information, has become a major threat to public trust in democracy and news media outlets over the past years.

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Congress has few options in impeachment battle with Trump

Lawmakers have legal tools to make White House comply, but more in theory than practice

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