Enforcement

Former Bank of China Chairman Arrested on Corruption Charges

18/10/2023

Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China’s anti-corruption campaign.

Russia’s Sberbank Secures FPI Registration in India

18/10/2023

State-owned Sberbank is the first Russian bank to secure Category I FPI registration in India. VTB is also seeking the licence.

Crypto / Digital Assets

California Governor Approves Digital Financial Assets Law

18/10/2023

The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.

Crypto / Digital Assets

BCBS Consults on Bank Disclosure Requirements for Crypto Exposures

17/10/2023

Major banks would have to disclose information on their crypto activities, crypto exposures, and related accounting classifications and capital and liquidity requirements.

Capital / Liquidity

PBOC Directs State Banks to Extend More Credit to LGFVs

17/10/2023

State-owned banks are instructed to roll-over loans to local governments at reduced interest rates and to issue new loans to LGFVs so they can repay maturing debt.

AML / KYC

LEI Now Being Used in Digital Email Certificates

17/10/2023

GLEIF and Shanghai-based TrustAsia collaborated to issue the first S/MIME Certificate with an embedded LEI.

Securities / Derivatives

US SEC Publishes 2024 Examination Priorities Report

17/10/2023

Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.

Market Infrastructure

China Formally Shifts Some PBOC Responsibilities to NFRA

17/10/2023

The PBOC will no longer be responsible for financial consumer protection and supervision of financial holding companies.

Fintech / Regtech

US, Singapore to Deepen Collaboration on Responsible AI Innovation

17/10/2023

The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.