Enforcement

ESMA FInes Scope Ratings for Conflict of Interest Breaches

26/03/2024

ESMA said Scope fell short of the requirements under the Credit Rating Agencies Regulation on handling conflicts of interest.

Securities / Derivatives

Bursa Malaysia Announces Listing of First Business Trust

26/03/2024

The business trust listing structure is particularly suitable for capital-intensive infrastructure assets that have stable cash flows.

AML / KYC

HK-based Certizen Technology Becomes LEI Validation Agent

26/03/2024

Certizen Technology’s new status will help to ease and streamline LEI issuance, allow LEI data elements to be embedded in digital certificates, and help promote cross-border trade.

Securities / Derivatives

SGX Proposed to Refine Cap on Clearing Member Liability

25/03/2024

The proposed cap is designed to provide clearing members certainty on their potential exposures when multiple defaults occur.

Fintech / Regtech

BIS Launches New AI & Data Project to Gain Economic Insights

25/03/2024

Project Neo aims to address the loss of effectiveness in decision-making as a result of delays and a lack of detail in official macroeconomic statistics.

Sanctions

Russia Imposes New Sanctions Against 56 Canadian Citizens

25/03/2024

The sanctions target executives of Raytheon, Airbus, Boeing, and Rolls-Royce units in Canada, along with other companies involved in supplying weapons to Ukraine.

Sanctions

EU Announces 35 New Sanctions Over Death of Alexei Navalny

25/03/2024

The targets include the two penal colonies where Navalny was held, members of the judiciary, and officials in the penitentiary system and Russia’s Ministry of Justice.

Sanctions

EU Leaders to Advance Plans to Use Profits from Russia Assets

23/03/2024

Total financial contributions for Ukraine are expected to be around EUR 4.0-4.5 billion this year. Banks are concerned about legal action from Russia.

Enforcement

FINRA Issues First Fine Over Use of Social Media Influencers

23/03/2024

FINRA said M1 Finance did not review or approve the content in influencers’ posts or have written procedures in place for supervising those communications.