Capital / Liquidity

RBNZ Consults on Implementation of Deposit Takers Act

31/07/2023

RBNZ proposes a framework for ensuring proportionality in its approach to setting prudential requirements. The consultation also covers how compensation scheme levies are set.

Sanctions

EU Imposes New Russian Sanctions Targeting ‘Information Manipulation’

31/07/2023

Seven Russian individuals and five entities were sanctioned for conducting a digital information manipulation campaign.

Sanctions

Helsinki Commission Calls for Sanctions Against Swiss Nationals

31/07/2023

Three Swiss nationals allegedly received bribes to release frozen funds linked to Russian officials implicated in the 2009 murder of Sergei Magnitsky.

Securities / Derivatives

NSE India Considers Extending Trading Hours

31/07/2023

NSE is considering extending trading hours to make it more convenient for office-goers to trade in the evening.

AML / KYC

US Senate Approves Defence Bill with Provisions Targeting Crypto Mixers

31/07/2023

The US Senate’s approval of the 2024 NDAA includes stringent provisions aimed at cryptocurrency mixers, marking a regulatory milestone.

Enforcement

PwC Entered into Confidential Settlement with ATO in March

31/07/2023

PwC entered into a confidential settlement with the Australian Tax Office in March, though details of the settlement remain undisclosed.

Fintech / Regtech

New UK Law Promotes Blockchain to Digitise Trade Documents

31/07/2023

The New Electronic Trade Documents Act 2023 will seek to digitise trade documents, promising cost reduction and increased efficiency in international trade.

Securities / Derivatives

SEC Finalises Cybersecurity Disclosure Rules for Public Companies

31/07/2023

Public companies will be required to disclose their cyber risk management practices and report significant incidents within four business days.

Securities / Derivatives

China Asks Tech Giants to Share Investment Success Stories

31/07/2023

Tencent and Meituan are among those being asked to share successful cases of investments in start-ups, signaling a regulatory thaw.