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.

MAS, Mastercard Agree to Cooperate on Cybersecurity

10/04/2024

The MoU covers intelligence sharing and joint analysis of cyber threats impacting financial services as well as competency-building activities.

AML / KYC

US Prepared to Sanction Chinese Banks That Aid Russian Military

09/04/2024

Janet Yellen said the US stands ready to act against “anything that involves aiding Russia’s military in their brutal war”.