Enforcement

NYAG Sues Citi for Failing to Protect Customers from Fraud

31/01/2024

NYAG says Citi does not implement strong anti-fraud defences, misleads account holders about their rights, and illegally refuses to reimburse fraud victims.

Sanctions

OFAC Sanctions Egypt, Turkey Nationals for Supporting ISIS

31/01/2024

Two Egyptian nationals created an online platform that provided instructions on donating funds to ISIS-affiliated entities.

Capital / Liquidity

Bank of China to Issue First Non-Capital TLAC Bonds

31/01/2024

Bank of China is the first Chinese D-SIB to disclose its intention to issue non-capital TLAC bonds ahead of a 2025 deadline to meet new capital rules.

Crypto / Digital Assets

BOJ to Catalogue Legal Issues for CBDC by April

31/01/2024

BOJ and Ministry of Finance officials held a meeting to discuss the legal issues that need to be resolved for the issuance of a CBDC.

Securities / Derivatives

Taiwan to Further Shorten Auction Interval for Odd Lot Trading

31/01/2024

The quotation interval was reduced from ten to five seconds in November 2023. The auction interval will now be reduced from one minute to five seconds.

Market Infrastructure

WFE Announces 2024 Priorities For Exchange and Clearing Industry

31/01/2024

The WFE will focus on corporate governance, reinforcing CCPs, ESG issues, and new tech like crypto and AI.

Enforcement

UK PRA Fines HSBC Over Deposit Protection Rule Breaches

31/01/2024

HSBC incorrectly marked eligible accounts as “ineligible” for depositor protection. The fine is the second highest ever imposed by the PRA.

Sanctions

EU Announces Human Rights Sanctions Against Russians

31/01/2024

Russia’s internet censorship agency and its chairperson were sanctioned, along with two judges and a prosecutor.

Sanctions

Australia Commences Review of Autonomous Sanctions Regime

30/01/2024

The review will examine how the autonomous sanctions framework could better support the government’s foreign policy objectives.