Capital / Liquidity

Taiwan Raises RRR, Unveils New Property Lending Controls

23/09/2024

The central bank announced four measures to curb property lending while also reducing bank liquidity through an RRR cut.

China Calls on NBFIs Mobilise Support for Equipment Upgrades

21/09/2024

Financial leasing, consumer finance, and auto finance companies asked to support business equipment upgrades and consumer product trade-ins.

Sanctions

EU Parliament Calls for Tougher Sanctions Action on Russia

21/09/2024

EU Parliament adopted a resolution calling for tighter sanctions on Russian fossil fuels and additional measures targeting circumvention.

Sanctions

EU Mulls Expansion of Export Controls to Subsidiaries of EU Firms

21/09/2024

The EU is reportedly considering expanding export restrictions to subsidiaries of EU companies, and increasing focus on third country FIs.

Securities / Derivatives

US SEC Adopts Market Reforms, Including Lower Tick Sizes

21/09/2024

SEC Chair Gary Gensler said the reforms will help promote greater transparency, competition, fairness, and efficiency in the equity market.

Sanctions

OFAC Targets Russia-DPRK Sanctions Evasion Network

20/09/2024

New sanctions have been imposed on five entities and an individual for helping to establish payment mechanisms between Russia and North Korea.

Sanctions

UK Imposes Trade Sanctions Targeting Iran Defence Industry

20/09/2024

The new measures are part of the UK’s response to reports that Iran has delivered ballistic missiles to Russia.

Sanctions

Armenia Accused of Facilitating Russian Sanctions Evasion

20/09/2024

NGOs from Azerbaijan claim that several EU countries including Greece and Cyprus are continuing to conduct trade with Russia through Armenia.

Capital / Liquidity

BSP to Cut Bank Bank Reserve Requirements in ‘Substantial’ Way

20/09/2024

Banks in the Philippines have offered to lower transaction costs on small-value fund transfers in exchange for lower reserve requirements.