Emerging Prudential Risks

FSB Proposes Recommendations to Address Leverage in NBFI

19/12/2024

The policy recommendations seek to address financial stability risks arising from leverage in non-bank financial institutions.

Market Abuse

JSDA Fines Nomura Over JGB Futures Manipulation Case

19/12/2024

The FSA, OSE and TSE have each already penalised Nomura Securities for JGB futures manipulation by one of its traders in March 2021.

PEPs & Sanctions

US Sanctions 7 Targets for Aiding Iranian UAV Development

19/12/2024

One of the sanctioned individuals supplied technology used by Iran to kill three US service members in Jordan earlier this year.

Operational Risk

FDIC to Pursue Legal Action Against 17 Former SVB Executives

19/12/2024

Chairman Martin Gruenberg said the executives breached their duties by mismanaging Silicon Valley Bank’s securities portfolios.

Cryptocurrency

ESMA Releases Last Batch of Policy Documents for MiCA

19/12/2024

The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.

PEPs & Sanctions

Europe Announces Measures to Counter Russian Shadow Fleet

19/12/2024

12 countries will work together to counter the shadow fleet by checking suspicious vessels for valid insurance documents.

PEPs & Sanctions

South Korea Imposes Sanctions Over Russia-DPRK Cooperation

18/12/2024

The targets include North Korean military officials, Russian businessmen and companies, and banks involved in Russia-DPRK transactions.

Structural Regulation

SEBI Tightens Norms on Issuance of ODIs by FPIs

18/12/2024

New requirements on the issuance and use of offshore derivative instruments by FPIs are being introduced to prevent regulatory arbitrage.

PEPs & Sanctions

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.