Financial Regulators

Kimberly Redmond | |

China is weighing new rules that would restrict domestic internet companies from going public in the US.

Citing sources familiar with the matter, The Wall Street Journal reported on Friday that Chinese regulators are specifically targeting internet firms whose data is deemed to pose a potential security risk.

Kimberly Redmond | |

Authorities in the US and Germany are investigating Deutsche Bank’s asset management arm DWS Group following allegations that the firm exaggerated the use of sustainable criteria to manage its assets.

The probe was launched after DWS Group’s former head sustainability officer, Desiree Fixler, told The Wall Street Journal earlier this month that the $1 trillion Frankfurt-based asset manager overstated its environmental, social and governance (ESG) investing efforts.

Reuters | |

China's tech stocks slumped to new lows on Friday and Hong Kong's benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese regulatory crackdowns crushed investors' confidence.

More than $560 billion in market value has been wiped off Hong Kong and mainland China exchanges in a week as funds capitulate out of once-favoured stocks, unsure which sectors regulators will target next.

Reuters | |

Cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect, a move that comes after weeks of pressure by regulators globally.

Binance, the world's biggest crypto platform, has faced warnings and business curbs from financial watchdogs from Britain and Germany to Japan, who are concerned over the use of crypto in money laundering and risks to consumers.

Kimberly Redmond | |

Nvidia Corp’s (Nasdaq: NVDA) bid to acquire Arm Holdings is taking longer than expected as the transaction which seeks to unite the two of the most powerful chip companies in the world has been met with heightened regulatory scrutiny.

During the company's earnings call late Wednesday, in which Nvidia reported reported sales and profit, chief executive officer Jensen Huang said discussions with regulators in the US, UK and China “are taking longer than initially thought,” and the deal may therefore not close within the originally anticipated 18-month window.