Conduct, Culture & Accountability

US SEC Fines Six Rating Agencies for Record Keeping Violations

04/09/2024

Moody’s Investors Service and S&P Global Ratings agreed to pay $20mn, while Fitch Ratings will pay $8mn.

Climate Risk

Bursa Malaysia Receives SBTi Validation for Net Zero Targets

04/09/2024

Bursa Malaysia is the first exchange in Asia to have SBTi validation for both its near- and long-term emission reduction targets.

Stablecoins

UDPN Integrates AUDD Stablecoin into Global Platform

04/09/2024

The integration is expected to accelerate the adoption of AUDD, and reduce friction in international payments.

PEPs & Sanctions

UK Suspends 30 Export Licences to Israel Over Humanitarian Concerns

03/09/2024

30 of 350 export licences to Israel were suspended due to a “clear risk” that items might be used to violate international humanitarian law.

Credit Risk

China Considers Allowing Homeowners to Renegotiate Mortgage Terms

03/09/2024

China’s interest rate cuts this year have mostly benefited new homebuyers rather than existing homeowners, whose loans have not yet been repriced.

Conduct, Culture & Accountability

Korean Courts Overturn Two FSC Penalty Decisions

03/09/2024

A KRW 669.1 million fine against Shinhan Investment Corp and a KRW 1 billion fine against Kepler Cheuvreux were overturned.

PEPs & Sanctions

UK Imposes Sanctions on Iranians for ‘Destabilising’ Activities

03/09/2024

One entity and three individuals were sanctioned for supporting activities intended to the UK and other countries.

Payments & Settlements

Indonesia, Korea Set to Implement Local Currency Framework

02/09/2024

14 Indonesian and 7 Korean banks have been appointed to handle transactions between the two countries using local currencies.

Climate Risk

Taiwan Announces New Regulations Governing Carbon Fees

02/09/2024

Taiwan will launch a domestic carbon credit exchange platform in October; Carbon fee collection will commence in 2026.