Sanctions

Canada Announces Sanctions Targeting DPRK-Russia Arms Trade

22/05/2024

Two individuals and six entities were sanctioned for their involvement in the transportation of weapons from North Korea to Russia.

Securities / Derivatives

Korea: FSS Head Considers Partial Lifting of Short Selling Ban

22/05/2024

FSS Governor Lee Bok-hyun said he personally wishes to allow short selling practices in June, at least partially.

Fintech / Regtech

Swift Enables Banks to Improve Services for Corporates

22/05/2024

Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.

Capital / Liquidity

FSC Korea Permits Daegu Bank to Convert Banking Licence

22/05/2024

Daegu Bank will be the first regional bank to convert into a nationwide bank. It will also be the first new commercial bank in 32 years.

Market Infrastructure

PBOC, BOT to Promote Local Currency Use in Bilateral Transactions

22/05/2024

The PBOC and BOT governors also discussed banking and financial cooperation and cross-border payment and settlement.

Securities / Derivatives

DTCC Completes Blockchain Pilot for Mutual Fund Data

22/05/2024

The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.

Capital / Liquidity

Japan FSA to Take Control of Two Regional Banks

22/05/2024

The FSA will obtain 63 percent of voting rights in Jimoto Holdings, which operates Kirayaka Bank and Sendai Bank.

Sanctions

US Sanctions Blamed for Death of Iranian President

22/05/2024

Iran has been unable to buy aviation spare parts, one of the main reasons cited for the helicopter crash that killed President Ebrahim Raisi.

Sanctions

Russia Seizes Assets of Deutsche Bank, Commerzbank, UniCredit

22/05/2024

The banks were among the guarantor lenders under a contract for the construction of a gas processing plant which was terminated due to sanctions.