Capital / Liquidity

Bank of China to Issue First Non-Capital TLAC Bonds

31/01/2024

Bank of China is the first Chinese D-SIB to disclose its intention to issue non-capital TLAC bonds ahead of a 2025 deadline to meet new capital rules.

Crypto / Digital Assets

BOJ to Catalogue Legal Issues for CBDC by April

31/01/2024

BOJ and Ministry of Finance officials held a meeting to discuss the legal issues that need to be resolved for the issuance of a CBDC.

Securities / Derivatives

Taiwan to Further Shorten Auction Interval for Odd Lot Trading

31/01/2024

The quotation interval was reduced from ten to five seconds in November 2023. The auction interval will now be reduced from one minute to five seconds.

Market Infrastructure

WFE Announces 2024 Priorities For Exchange and Clearing Industry

31/01/2024

The WFE will focus on corporate governance, reinforcing CCPs, ESG issues, and new tech like crypto and AI.

Enforcement

UK PRA Fines HSBC Over Deposit Protection Rule Breaches

31/01/2024

HSBC incorrectly marked eligible accounts as “ineligible” for depositor protection. The fine is the second highest ever imposed by the PRA.

Sanctions

EU Announces Human Rights Sanctions Against Russians

31/01/2024

Russia’s internet censorship agency and its chairperson were sanctioned, along with two judges and a prosecutor.

Sanctions

Australia Commences Review of Autonomous Sanctions Regime

30/01/2024

The review will examine how the autonomous sanctions framework could better support the government’s foreign policy objectives.

Crypto / Digital Assets

ESMA Consults on New Guidelines for MiCA Regime

30/01/2024

Third-country crypto firms will be prohibited from soliciting EU clients unless the client is the “exclusive initiator” of the crypto-asset service.

Market Infrastructure

Mainland, HK Can Mutually Recognise Court Judgments

30/01/2024

The new arrangement will make it easier to resolve civil and commercial disputes involving cross-border elements.