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.

China, Maldives Sign MoU on Local Currency Trade Settlement

19/09/2024

The MoU establishes a framework for the settlement of current account transactions and direct investments using local currencies.

Securities / Derivatives

Saudi Exchange to List First HK-Focused ETFs This Year

18/09/2024

Hong Kong listed APAC’s first Saudi-focused ETF in November 2023. Paul Chan said two HK-focused ETFs will list in Saudi Arabia this year.