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”.

AML / KYC

Malaysia Consults on Proposed Trust Companies Bill

09/04/2024

Since coming into force in 1949, Malaysia’s Trust Companies Act has only been reviewed once in 1973.

Crypto / Digital Assets

Korea to Soon Release Listing Guidelines for Virtual Assets

09/04/2024

Crypto platforms will not be allowed to list tokens that have had security incidents, unless the cause has been identified and explained and the damage has been recovered.