China Urges “High Quality” Firms to Use Foreign Debt Financing

25/07/2024

Companies that qualify as “high-quality enterprises” and apply for foreign debt quotas will have their applications expedited.

Enforcement

China Establishes Anti-Corruption Body for Financial Sector

25/07/2024

The CCDI announced the establishment of a dedicated disciplinary body to tackle corruption in the financial sector.

Sanctions

UniCredit Drops Part of Appeal Against ECB’s Russia Exit Orders

25/07/2024

UniCredit said it has received “sufficient clarity” from the ECB on certain parts of its application to the GCEU.

Sanctions

Australia Imposes First Sanctions Against Israelis in West Bank

25/07/2024

Seven Israelis and a youth group were sanctioned for their involvement in violent attacks against Palestinian communities.

Securities / Derivatives

Korea Exchange Considers Japan-Style Market Restructuring

25/07/2024

A restructuring would minimise overlaps between the KOSPI and KOSDAQ markets. The role of the KONEX market will also be reconsidered.

Sanctions

ECB to Develop Framework for Geopolitical Risk Assessments

25/07/2024

The ECB is working to develop a framework that it can use to deal with the impacts of geopolitical risks such as sanctions on EU banks.

Sanctions

OFAC Sanctions DPRK Procurement Network Based in China

25/07/2024

The action imposes sanctions on China-based individuals and entities involved in the procurement of items used in the production of North Korean ballistic missiles.

Capital / Liquidity

HKMA Consult on Revised Guidance for CCyB Calculations

25/07/2024

The SPM module being revised provides guidance for banks on determining the RWA corresponding to their private sector credit exposures for the purpose of calculating CCyB ratios.

Crypto / Digital Assets

Korea FSS Scrutinises Deposit Rates Paid by Crypto Exchanges

25/07/2024

The FSS determined that Bithumb’s proposal to pay 4 percent per annum on customer deposits was unreasonably high and did not comply with supervisory regulations.