Market Infrastructure

Japan to Permanently Cease Euroyen TIBOR on 30 December

07/03/2024

ISDA confirmed that the announcement from JBA TIBOR Administration “constitutes an index cessation event”.

Fintech / Regtech

BSP to Enhance Reporting Rules for Money Services Businesses

06/03/2024

MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.

Securities / Derivatives

Bursa Malaysia to Launch New Soyoil Futures on 18 March

06/03/2024

The new futures contract is made possible by a licensing agreement signed with the Dalian Commodity Exchange last year.

Sanctions

OFAC Sanctions Members of Spyware Consortium

06/03/2024

The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.

Securities / Derivatives

China: Major Insurers Ready to Invest in Stock Market

06/03/2024

China Life Insurance and New China Life Insurance have finished setting up a new fund that will be used to invest in and support the stock market.

Securities / Derivatives

CSRC Grants New Approval to Morgan Stanley Securities Unit

06/03/2024

The approval allows Morgan Stanley Securities (China) to engage in securities investment consulting and proprietary securities business.

Sanctions

BRICS Nations to Create Blockchain-based Payment System

05/03/2024

The move aimed at increasing the role of the BRICS in the international monetary system and reducing reliance on US dollars.

Crypto / Digital Assets

Deutsche Börse Launches Institutional Crypto Trading Platform

05/03/2024

Trading on the Deutsche Börse Digital Exchange will initially take place on an RfQ basis, followed by multilateral trading.

Enforcement

Coal Miner Challenges Australia Sanctions Regime in Court

05/03/2024

Tigers Realm Coal produces coal in Russia but does not directly export it. DFAT alleges breach of sanctions, which Tigers Realm has challenged.