Enforcement

CFTC, FTX Reach Agreement on $12.7b Settlement

17/07/2024

The CFTC is only payable to the extent that funds are available after customer and creditor claims are settled.

Korea to Improve Fairness of Early Loan Repayment Fees

17/07/2024

Lenders will be required to calculate early repayment fees based on actual losses and loan-related costs incurred.

Crypto / Digital Assets

US to List First Spot Ether ETFs Next Week – Reports

17/07/2024

Final approvals for up to eight spot ether ETFs are expected on Monday. Trading is expected to start the next day.

Fintech / Regtech

HKMA Assessing Whether Virtual Banks Have Achieved Policy Goals

17/07/2024

The HKMA is evaluating whether the eight virtual banks have achieved the intended policy objectives since the licences were granted in 2019.

Market Infrastructure

ESMA Consults on MiFID II Order Execution Policies

17/07/2024

The consultation seeks input on draft technical standards for how investment firms establish and assess the effectiveness of their order execution policies.

Crypto / Digital Assets

GDF, GLEIF Announce Digital Asset Industry Partnership

17/07/2024

GDF said the partnership with GLEIF aims to raise awareness of the value of consistent party identification via the LEI.

Sanctions

EU Sanctions Five Israeli Individuals and Three Entities

17/07/2024

The sanctions were imposed under the EU’s Global Human Rights Sanctions Regime for human rights abuses against Palestinians.

Chinese Firms Claw Back Executive Bonuses Paid in Hong Kong

17/07/2024

Hong Kong-based executives and former employees of some state-owned FIs have been asked in recent months to pay back part of their past bonuses.

Capital / Liquidity

BCBS Finalises Targeted Adjustments to IRRBB Standard

17/07/2024

The BCBS adjusted the specified interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.