Capital / Liquidity

FSC Korea Permits Daegu Bank to Convert Banking Licence

22/05/2024

Daegu Bank will be the first regional bank to convert into a nationwide bank. It will also be the first new commercial bank in 32 years.

Market Infrastructure

PBOC, BOT to Promote Local Currency Use in Bilateral Transactions

22/05/2024

The PBOC and BOT governors also discussed banking and financial cooperation and cross-border payment and settlement.

Securities / Derivatives

DTCC Completes Blockchain Pilot for Mutual Fund Data

22/05/2024

The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.

Capital / Liquidity

Japan FSA to Take Control of Two Regional Banks

22/05/2024

The FSA will obtain 63 percent of voting rights in Jimoto Holdings, which operates Kirayaka Bank and Sendai Bank.

Sanctions

US Sanctions Blamed for Death of Iranian President

22/05/2024

Iran has been unable to buy aviation spare parts, one of the main reasons cited for the helicopter crash that killed President Ebrahim Raisi.

Sanctions

Russia Seizes Assets of Deutsche Bank, Commerzbank, UniCredit

22/05/2024

The banks were among the guarantor lenders under a contract for the construction of a gas processing plant which was terminated due to sanctions.

Capital / Liquidity

OJK Indonesia Launches Roadmap to Strengthen Rural Banks

21/05/2024

The main focus will be on strengthening capital, accelerating consolidation, and strengthening governance practices, OJK said.

Crypto / Digital Assets

NYAG Secures $2bn Settlement from Crypto Lender Genesis

21/05/2024

New York Attorney General Letitia James said the settlement was the largest against a crypto firm in the state’s history.

Fintech / Regtech

Taiwan FSC Issues New Data Governance Consultation

21/05/2024

The consultation categorises customer data of FIs into four levels, and proposes corresponding governance methods for each level during data sharing.