AML / KYC

Korea: Telecom and Financial Industries Join Forces to Combat Fraud

10/04/2024

Authorities overseeing both industries will quickly share new fraud methods with each other and disseminate this information to individual firms.

Capital / Liquidity

HKMA Consults on Revisions to Bank Disclosure Guidelines

10/04/2024

The revisions are related to the implementation of the Basel III final reform package. The consultation is open until 7 May 2024.

Enforcement

China Launches New Round of Inspections of Regulators, State Banks

10/04/2024

The upcoming inspections will target 34 bodies including financial regulators, stock exchanges, and state-owned banks and insurers.

Enforcement

Australian Court Rules on Sanctions Law Breach by Coal Miner

10/04/2024

A Federal Court Justice has ruled that ASX-listed coal miner Tigers Realm Coal breached Australia’s sanctions law.

Sanctions

EU Starts Work on 14th Russia Sanctions Package

10/04/2024

Valdis Dombrovskis said the 14th package against Russia would have a “strong anti-circumvention focus” and “should be adopted in spring”.

Securities / Derivatives

UBS Considers Stake Swap to Exit Credit Suisse China Venture

10/04/2024

UBS took control of the Credit Suisse venture last year and then put it up for sale due to restrictions on it holding majority stakes in two domestic brokerages simultaneously.

Market Infrastructure

EU Firms “Prepared” to Meet UPI Reporting Requirments: DSB

10/04/2024

The DSB said its user onboarding data reveals a steady increase in EU headquartered firms joining the UPI service.

Market Infrastructure

NAFMII Publishes Standard Agreement for Swap Connect

10/04/2024

The agreement is intended for use by domestic and foreign counterparties trading interest rate derivatives under Swap Connect.

BNM Directs CIMB, Maybank to Explain Recent Service Outages

10/04/2024

CIMB Malaysia experienced service disruptions on some of its services on Tuesday, while Maybank saw some disruptions last Friday.