《条例》有力贯彻中央金融工作要求，理顺地方金融管理职责，做到地方金融组织监管"长牙带刺"，压 实金融风险防范化解属地责任，推动构建权责清晰、运行高效工作体系。明确了地方金融组织准入、审 批和备案事项，设定罚款、停业整顿、吊销金融业务经营许可等行政处罚措施，健全"空壳""失联"机构 退出机制，从严惩处非法金融活动，提升监管震慑力。 《条例》专门设置"西部金融中心建设"章节，提出健全现代金融体系，激发金融创新活力，扩大金融对 外开放，优化金融发展环境，促进各类金融要素资源高效集聚，做好科技金融、绿色金融、普惠金融、 养老金融、数字金融"五篇大文章"，加大对建设现代化产业体系的金融支持，增强重庆作为西部金融中 心的辐射力和影响力。 《重庆市地方金融条例》表决通过 中新网重庆11月28日电 (张旭)据重庆市地方金融管理局消息，11月28日，重庆市六届人大常委会第十九 次会议表决通过了《重庆市地方金融条例》(以下简称《条例》)。《条例》将于2026年3月1日起实施。 "制定出台《条例》，填补了重庆市地方金融立法空白，标志着重庆地方金融治理进入法治化、规范 化、高质量发展新阶段，在重庆金融监管发展史上具有重要里程碑意义。 ...

Core Viewpoint - The Supreme People's Court and the Supreme People's Procuratorate have jointly released six typical cases of punishing financial sector job-related crimes, emphasizing strict legal enforcement against corruption in the financial industry [1] Group 1: Strict Legal Punishment - The cases highlight a firm stance on severe punishment for corruption in financial regulation, with significant penalties imposed on individuals involved in corrupt practices [2] - Liu, a financial regulatory official, was sentenced to death with a two-year reprieve and life imprisonment for accepting over 150 million yuan in bribes and causing substantial financial losses [2] - Wu, a bank president, was sentenced similarly for accepting bribes totaling 275 million yuan and misappropriating over 508 million yuan in public funds [2] Group 2: Targeting New Forms of Hidden Corruption - The cases also focus on addressing new forms of hidden corruption, such as bribery disguised as labor compensation or profit-sharing without actual investment [3] - Huang's case exemplifies the "revolving door" phenomenon in political and business corruption, while Li and Xu's cases illustrate the typical manifestations of hidden corruption [3] Group 3: Multi-Sector Coverage - The cases encompass various sectors within finance, including regulatory bodies, banks, and trusts, demonstrating a comprehensive approach to tackling job-related crimes across the financial landscape [4] - Wang's case involved misappropriation of public funds through fraudulent financial agreements, leading to a life sentence, showcasing the judiciary's commitment to deterring financial crimes [4] - Zeng's case involved illegal loan approvals despite known non-compliance with lending conditions, resulting in significant economic losses for a trust company, further emphasizing the need for strict enforcement in financial management [4]

Core Viewpoint - The Supreme People's Court and the Supreme People's Procuratorate have jointly released six typical cases of punishing financial sector job-related crimes to enhance education, warning, and deterrence effects [1] Group 1: Characteristics of the Cases - The cases emphasize strict legal punishment, with significant amounts involved, such as Liu's bribery totaling over 1.5 billion yuan and Wu's bribery and embezzlement amounting to 2.75 billion yuan [2] - The cases target new forms of hidden corruption, exemplified by Huang's case, where bribes were disguised as "labor remuneration" [2] - The cases cover multiple sectors, including financial regulation, banking, and trust, reflecting a comprehensive approach to tackling job-related crimes across the financial industry [2] Group 2: Case Summaries - Liu's case involved receiving over 1.5 billion yuan in bribes while serving in a financial regulatory role, leading to significant loan losses [4][6] - Wu's case, as a bank president, included embezzling over 5.08 billion yuan and receiving bribes exceeding 1.32 billion yuan, resulting in severe penalties [8][10] - Huang's case highlighted the "revolving door" phenomenon, where he received 30 million yuan disguised as "settlement fees" while facilitating business for a company [13][15] - Li and Xu's case involved receiving over 1.43 billion yuan through profit-sharing arrangements without actual investment, showcasing a "cooperative operation" model of bribery [17][18] - Wang's case illustrated the use of fake financial products to embezzle over 17.7 billion yuan, alongside multiple bribery charges totaling over 1.6 billion yuan [20][21] - Zeng's case involved approving loans totaling over 2.3 billion yuan despite knowing the borrower was unqualified, resulting in significant financial losses [24][25] Group 3: Significance of the Cases - Liu's case serves as a warning against corruption in financial regulation, emphasizing the importance of maintaining financial market order and protecting public interests [7] - Wu's case highlights the critical role of bank executives in safeguarding financial security and the consequences of abusing power for personal gain [12] - Huang's case underscores the challenges of detecting and prosecuting "revolving door" corruption, reinforcing the need for vigilance in the financial sector [16] - Li and Xu's case reflects the risks associated with trust management and the necessity for strict adherence to regulatory standards to prevent financial instability [19] - Wang's case demonstrates the severe repercussions of financial misconduct, aiming to restore trust in financial institutions [23] - Zeng's case illustrates the dangers of negligence in loan approvals, stressing the need for accountability in financial decision-making [26]

LATEST: 🇺🇸 The US Securities and Exchange Commission will hold its next Crypto Task Force Roundtable next month on Dec. 15, this time discussing policy matters related to financial surveillance and privacy. https://t.co/I9tySiKhDb ...

Regulatory Landscape - India's government is considering advocating for stablecoin regulation in its annual Economic Survey [1] - This consideration occurs despite the country's central bank urging a cautious approach to crypto [1]

Rank-and-file US Securities and Exchange Commission workers have returned to face the paperwork that piled up during the longest government shutdown in US history, and supervisors say the order of the day is “triage.” https://t.co/4vFruZfzf3 ...

Group 1 - Allegations have emerged linking a JSE director to market manipulation, involving crypto payments and covert directives [2] - Expert analysis indicates that recordings suggest intentional share-price rigging through OTC options [2] - Mantengu has accused regulators of obstructing investigations, leading to the expansion of criminal cases to the NPA, FBI, and FinCEN [2]

Core Viewpoint - The U.S. Securities and Exchange Commission (SEC) has reduced its focus on overseeing companies that provide crypto asset-related services in its priorities for examining Wall Street firms for the current fiscal year [1] Group 1 - The SEC published an annual statement outlining its examination priorities for the fiscal year [1] - The shift in focus indicates a potential easing of regulatory scrutiny on the crypto sector by the SEC [1]

Regulatory Changes - A massive dismantling of the financial regulator created to protect consumers is underway [1] - The dismantling affects auto lending, digital payments, credit cards, and credit reports [1]

Canada unveils upcoming stablecoin legislation in federal budget https://t.co/tRDWmGdg5K ...