EU to Streamline Reporting Obligations for Financial Sector

12/03/2024

MEPs voted to adopt new rules to streamline reporting obligations and reduce the administrative burden for the EU’s financial sector.

Capital / Liquidity

IADI Launches Review of Global Deposit Insurance Standards

12/03/2024

The review will apply the lessons from the 2023 banking turmoil, taking into account technology advancements and other emerging trends.

Korea to Partially Refund Interest Paid by Small Merchant Borrowers

12/03/2024

Small merchants who borrowed from nonbank financial institutions with interest rates ranging from 5 to 7 percent can apply for partial refunds.

Sanctions

OFAC Targets Financial Facilitators of al-Shabaab Militant Group

12/03/2024

OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.

Securities / Derivatives

KRX to Implement Derivatives Market Enhancements on 22 April

12/03/2024

KRX will list additional stock futures and options, improve disclosure of market information, and expand futures spread trading hours.

Uncategorised

Taiwan: Securities Firms Can Entrust Foreign Securities to TDCC

12/03/2024

Allowing securities firms to entrust the custody of foreign securities the TDCC will give them more options without impacting investors, the FSC said.

Market Infrastructure

EU Sets Out Roadmap to Achieve Capital Markets Union

12/03/2024

The roadmap includes measures to harmonise stock exchange listing requirements, reduce listing costs, and make equity and bond financing more attractive.

AML / KYC

Singapore Reported to be Scrutinising Wealth from Chinese

12/03/2024

Family office applications with Chinese-affiliated wealth have been denied and applicants are facing tough questions.

Securities / Derivatives

Thailand to Tighten Rules on Short-Selling, Algorithmic Trading

12/03/2024

The SEC will shrink the pool of listed stocks eligible for short-selling, impose daily limits on short-selling, and require securities firms to help it police the market.