Sanctions

US Tightens Export Controls on Advanced Computing Chips

18/10/2023

The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.

Market Infrastructure

CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements

18/10/2023

The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.

Enforcement

Former Bank of China Chairman Arrested on Corruption Charges

18/10/2023

Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China’s anti-corruption campaign.

Russia’s Sberbank Secures FPI Registration in India

18/10/2023

State-owned Sberbank is the first Russian bank to secure Category I FPI registration in India. VTB is also seeking the licence.

Crypto / Digital Assets

California Governor Approves Digital Financial Assets Law

18/10/2023

The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.

Crypto / Digital Assets

BCBS Consults on Bank Disclosure Requirements for Crypto Exposures

17/10/2023

Major banks would have to disclose information on their crypto activities, crypto exposures, and related accounting classifications and capital and liquidity requirements.

Capital / Liquidity

PBOC Directs State Banks to Extend More Credit to LGFVs

17/10/2023

State-owned banks are instructed to roll-over loans to local governments at reduced interest rates and to issue new loans to LGFVs so they can repay maturing debt.

AML / KYC

LEI Now Being Used in Digital Email Certificates

17/10/2023

GLEIF and Shanghai-based TrustAsia collaborated to issue the first S/MIME Certificate with an embedded LEI.

Securities / Derivatives

US SEC Publishes 2024 Examination Priorities Report

17/10/2023

Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.