Enforcement

NY Court Allows Bangladesh Case Against RCBC to Proceed

03/03/2024

Bangladesh Bank’s lawsuit against the Philippines’ RCBC and its senior executives will be allowed to proceed, minus three causes of action.

Enforcement

Japan: Major Insurers Commit to Divesting Cross-Held Shares

03/03/2024

The insurers also imposed disciplinary measures against 132 executives and employees, including pay cuts, over a price-fixing scandal.

Securities / Derivatives

Taiwan FSC to Enhance Regulatory System for ETFs

03/03/2024

The FSC will draw from the set of good practices published by IOSCO in May 2023 to improve its regulatory system for ETFs.

ESG / Sustainability

Hong Kong Launches Prototype ‘Green Fintech Map’

03/03/2024

The Map is a directory of more than 50 green fintech firms so far, intended to help firms identify solutions that meet their business needs.

Enforcement

FSS Punishment of Hana CEO “Excessive”, Seoul Court Rules

03/03/2024

The Court directed the FSS to adjust the punishment, but ruled that Hana Bank’s six-month suspension for mis-selling risky funds was justified.

Sanctions

G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

03/03/2024

The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

Sanctions

Switzerland Adopts EU’s 13th Russia Sanctions Package

01/03/2024

The package adds a further 106 individuals and 88 entities and organisations to Switzerland’s sanctions list.

Securities / Derivatives

PBOC Issues Rules Opening Access to Interbank Bond Market

01/03/2024

Investors will be able to invest in treasury bonds, local government bonds and policy financial bonds via over-the-counter channels from 1 May.

Capital / Liquidity

BCBS to Consult on G-SIB Window-Dressing Next Month

01/03/2024

The BCBS also said it has approved revisions to the Core Principles for Effective Banking Supervision, which will be published in April.