The Singapore Court of Appeal has upheld the landmark 36-year prison sentence for Mr. Soh Chee Wen (also known as John Soh) and 20-year sentence for Ms. Quah Su-Ling, the masterminds behind Singapore’s largest stock market manipulation case in history. In a joint statement released on April 9, 2026, the[Read More…]
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Bank of England Chief Warns Iran War Risks Triggering 2008-Style Financial Crisis
⚠️ Systemic Risk Warning The Bank of England has issued its most severe financial stability warning since the 2008 global financial crisis, stating that the ongoing conflict in Iran poses a direct threat to global financial system stability that could trigger a crisis of similar magnitude to the 2008 collapse.[Read More…]
Dubai’s VARA Releases World’s First Structured Framework for Virtual Asset Issuance
The Virtual Assets Regulatory Authority of Dubai has published its groundbreaking Guidance on the Virtual Assets Issuance Rulebook, establishing the world’s first fully codified regulatory framework for creating, disclosing, and distributing virtual assets within a licensed ecosystem. This landmark regulatory development positions Dubai as the global benchmark for structured digital[Read More…]
Fed’s Daly Warns Oil Shock From Iran War Extends Inflation Timeline
San Francisco Federal Reserve President Mary Daly has delivered a sobering assessment of the U.S. inflation outlook, warning that the oil shock resulting from the ongoing Iran war will significantly extend the timeline for returning inflation to the central bank’s 2% target. In an exclusive interview with Reuters on April[Read More…]
FCA Perimeter Report 2026 Expands Regulatory Scope to BNPL, Cryptoassets, and AI-Driven Financial Services
FCA Perimeter Report 2026 Expands Regulatory Scope to BNPL, Cryptoassets, and AI-Driven Financial Services The Financial Conduct Authority has published its latest Perimeter Report outlining how UK financial regulation must evolve to protect consumers, support innovation, and maintain market integrity in an era of rapid technological transformation. The FCA Perimeter[Read More…]
Dubai’s VARA Issues World’s First Comprehensive Guidance on Virtual Asset Issuance
Dubai’s VARA Issues World’s First Comprehensive Guidance on Virtual Asset Issuance The Virtual Assets Regulatory Authority (VARA) of Dubai has issued the world’s first dedicated regulatory Guidance on the Virtual Assets Issuance Rulebook, establishing Dubai as the first global jurisdiction to codify how digital assets must be created, disclosed, and[Read More…]
FCA Imposes Restrictions on Bazar Money Transfer Limited After Determining Firm No Longer Meets Payment Institution Conditions
FCA Imposes Restrictions on Bazar Money Transfer Limited After Determining Firm No Longer Meets Payment Institution Conditions The Financial Conduct Authority (FCA) imposed restrictions on Bazar Money Transfer Limited (BMTL) on April 8, 2026, preventing the firm from providing regulated payment services after determining it no longer met the conditions[Read More…]
Dubai’s VARA Issues Detailed Guidance on Real-World Assets and Stablecoins to Strengthen Regulatory Clarity
Dubai’s VARA Issues Detailed Guidance on Real-World Assets and Stablecoins to Strengthen Regulatory Clarity The Dubai Virtual Assets Regulatory Authority (VARA) issued comprehensive guidance on real-world assets (RWAs) and stablecoins on April 9, 2026, strengthening regulatory clarity for virtual asset issuers and market participants. The VARA guidance interprets existing rules[Read More…]
Federal Reserve Terminates Enforcement Actions with Crédit Agricole, Mega Bank, and Goldman Sachs After Years of Oversight
Federal Reserve Terminates Enforcement Actions with Crédit Agricole, Mega Bank, and Goldman Sachs After Years of Oversight The Federal Reserve Board announced on April 9, 2026, the termination of enforcement actions against three major global financial institutions – Crédit Agricole S.A., Mega International Commercial Bank Co., Ltd, and The Goldman[Read More…]
FCA Confirms £7.5 Billion Motor Finance Redress Scheme for 12.1 Million Agreements
FCA Confirms £7.5 Billion Motor Finance Redress Scheme for 12.1 Million Agreements The Financial Conduct Authority has officially confirmed its motor finance redress scheme, setting aside £7.5 billion to compensate 12.1 million consumers affected by undisclosed commission arrangements in motor finance agreements dating back to 2007. The final scheme represents[Read More…]
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