Securities / Derivatives

HKEX Establishes Task Force to Develop New Funds Platform

23/09/2024

The task force comprises representatives from AllianceBernstein, Amundi, ASIFMA, Blackrock, HKIFA, Invesco and other firms.

Sanctions

EU Plans €35b Loan for Ukraine, Backed by Russian Assets

23/09/2024

The EU was initially planning to contribute about €18bn out of the total €45bn the G7 was planning to raise for Ukraine.

Securities / Derivatives

Thai SEC Issues Market Entry Guidelines for Foreign Firms

23/09/2024

The SEC said it will fast-track the licence approval process to better facilitate the entry of qualified foreign businesses into the Thai market.

Sanctions

Russia Considers Raising ‘Exit Tax’ for Foreign Firms – Report

23/09/2024

Russian authorities are reportedly considering raising the exit tax from the current 15 percent to as high as 40 percent.

ESG / Sustainability

CFTC Finalises Guidance for Listing Carbon Credit Derivatives

23/09/2024

The CFTC said the guidance will help to promote standardisation of VCC derivative products in a manner that “promotes transparency and liquidity”.

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.