Sanctions

Reports Emerge of Secret Russian Drone Project in China

27/09/2024

Reports have emerged that a Russian company has set up a factory in China to develop and test new attack drones.

BSP Revises Framework for External Auditor Selection by FIs

26/09/2024

The BSP has proposed draft revisions to its framework for financial institutions on the selection and appointment of external auditors.

Crypto / Digital Assets

FSC Korea to Start Pushing 2nd Phase of Crypto Legislation

26/09/2024

The legislation will include measures to enable corporations and institutional investors to participate in the domestic crypto market.

Sanctions

US Proposes to Ban Chinese, Russian Tech in Vehicles

26/09/2024

The move would effectively ban Chinese and Russian vehicles in the US, which has already sharply raised tariffs on imports of Chinese EVs.

MAS Issues Draft Resolution Planning Guidelines for Insurers

26/09/2024

The proposed guidelines elaborate on the new recovery and resolution planning requirements which come into effect on 1 January 2025.

Crypto / Digital Assets

Nasdaq Wins SEC Approval to List Options on Bitcoin ETF

25/09/2024

The options contracts on iShares Bitcoin Trust ETF still need to be approved by the Options Clearing Corp and the CFTC before trading can begin.

Enforcement

Deutsche Börse, Nasdaq Under Scrutiny in EU Antitrust Probe

25/09/2024

Deutsche Börse and Nasdaq said they were raided and searched by EU antitrust watchdogs who suspect antitrust rule violations.

Capital / Liquidity

BCBS Advances Follow-up Response to 2023 Banking Turmoil

25/09/2024

The BCBS has finalised a new report on the lessons learned from the 2023 banking turmoil, focusing on liquidity risk. The report will be published next month.

Enforcement

US Prosecutors Accuse Visa of Monopolising Debit Card Market

25/09/2024

The DOJ says Visa illegally maintains monopoly power by imposing a web of exclusionary agreements on merchants and banks.