PEPs & Sanctions

Canada Announces Sanctions Targeting DPRK-Russia Arms Trade

22/05/2024

Two individuals and six entities were sanctioned for their involvement in the transportation of weapons from North Korea to Russia.

Trading & Investment

Korea: FSS Head Considers Partial Lifting of Short Selling Ban

22/05/2024

FSS Governor Lee Bok-hyun said he personally wishes to allow short selling practices in June, at least partially.

Payments & Settlements

Swift Enables Banks to Improve Services for Corporates

22/05/2024

Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.

Structural Regulation

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.

Payments & Settlements

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.

Tokenisation

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.

Resolution & Recovery

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.

PEPs & 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.

PEPs & 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.