Fintech / Regtech

Bangladesh Bank Grants First Digital Banking Licence

03/06/2024

The licence was granted to Nagad Digital Bank, which first approached Bangladesh Bank about a digital bank licence in 2020.

Capital / Liquidity

Bank Indonesia Expands Incentives for Priority Sector Lending

03/06/2024

BI is providing larger discounts on reserve requirements to lenders that provide credit to certain sectors such as housing and green finance.

Crypto / Digital Assets

UBS Group Completes Acquisition of Credit Suisse

03/06/2024

“Today we have achieved a significant milestone in our integration journey,” said UBS CEO Sergio Ermotti.

Sanctions

US Officials Warn of Sanctions Against Chinese Firms

03/06/2024

US officials Wally Adeyemo and Kurt Campbell say Chinese firms and financial institutions could be targeted with sanctions for assisting Russia.

Sanctions

EU Joins Allies in Targeting DPRK-Russia Arms Trade With Sanctions

03/06/2024

The EU announced sanctions against six individuals and three entities for sanctions evasion and providing military support to Russia.

Sanctions

US, EU Announces Sanctions Targeting Iran Drone Programme

03/06/2024

The action aims to “disrupt Iran’s production and proliferation of deadly UAVs that continue to be used by Russia against Ukraine and by regional terrorist proxies.”

Securities / Derivatives

SET Proposes Measures to Curb Inappropriate Trading Behaviours

03/06/2024

The measures are aimed at strengthening market supervision and promoting transparency and fairness for all investors, the SET said.

Sanctions

China to Reinstate Tariffs on 134 Items Imported from Taiwan

01/06/2024

China says Taiwan has failed to reduce tariffs on mainland products as required by the 2010 Cross-Strait Economic Cooperation Framework Agreement.

Crypto / Digital Assets

UK Sees Launch of First Six Crypto ETN Products

31/05/2024

21Shares and WisdomTree launched a total six ETNs on the LSE, which are fully backed by physical holdings of Bitcoin or Ethereum.