Fintech / Regtech

RBI Defers Effective Date of Paytm Payments Bank Restrictions

18/02/2024

The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.

ESG / Sustainability

Malaysia Consults on Local Implementation of ISSB Standards

18/02/2024

IFRS S1 and IFRS S2 would be mandatory for Main Market issuers, and potentially ACE Market issuers and large non-listed companies.

Enforcement

Former Goldman Analyst Jailed in the UK for Insider Trading

18/02/2024

Mohammed Zina used sensitive information about deals Goldman was advising on to trade shares in six companies.

AML / KYC

Australia FSC Calls for Threshold Change in ‘Sophisticated Investor’ Test

16/02/2024

The Financial Services Council warns that if the threshold is left unchanged, more than 20% of households would lose important retail investor protections by 2033.

Capital / Liquidity

Philippines Mulls Increase to Deposit Insurance Limit – Report

16/02/2024

The PDIC will consult the BSP on whether an increase in the deposit insurance limit would have to be introduced alongside measures to mitigate moral hazard risks.

Sanctions

OFAC Sanctions 7 Targets Over Illegal Exports to Iran

15/02/2024

Three individuals and four entities, including a subsidiary of Iran’s central banks, were sanctioned for illegally exporting US goods and tech to Iran.

Sanctions

Swiss Commodity Firms Under Probe for Russia Sanctions Breaches

15/02/2024

Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.

Market Infrastructure

CPMI, IOSCO Propose “Effective” VM Practices for Cleared Markets

15/02/2024

The consultative report describes eight examples of effective practices for CCPs and their clearing members regarding variation margin processes and transparency.

ESG / Sustainability

Japan Becomes First Sovereign to Issue Climate Transition Bonds

15/02/2024

Japan sold JPY 800 billion of 10-year climate transition bonds and plans to sell a further tranche of 5-year bonds later this month.