Sanctions

US Treasury Clarifies Stance on Humanitarian Aid to Syria under Sanctions

09/08/2023

The guidance is the latest in a series of OFAC actions aimed at clarifying the US government’s stance on humanitarian trade.

Capital / Liquidity

BlackRock to Trim Capital in South Korean Unit by 62 Percent

09/08/2023

Reports suggest that the move is linked to BlackRock’s shift away from retail business in Korea two years ago, as well as a potential tax rule change in the country.

Securities / Derivatives

China: New Independent Director Rules to Take Effect from 4 September

09/08/2023

The CSRC and stock exchanges will play a bigger role in the appointment and selection of independent directors.

Capital / Liquidity

US Majors Reveal Expected Costs for FDIC Special Assessment

09/08/2023

JPMorgan Chase, Bank of America, Wells Fargo and Citigroup expect to pay a combined $8.2bn to replenish the fund.

Fintech / Regtech

UK Commits to Taking Forward Payments System Reforms

09/08/2023

The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.

Market Infrastructure

NIST Solicits Feedback on Revamped Cybersecurity Framework

09/08/2023

NIST invites feedback on its updated Cybersecurity Framework 2.0 draft by 4 November 2023.

Crypto / Digital Assets

Crypto CEO Charged in South Korea for Fraud, Embezzlement

09/08/2023

Bitsonic CEO Jinwook Shin manipulated computer records to inflate prices and trading volumes, and defraud investors.

Sanctions

UK Targets Third Country Military Suppliers With Sanctions

09/08/2023

The sanctions target individuals and businesses in Iran, Turkey, Belarus, Slovakia, Switzerland, the UAE and Russia for supporting the war in Ukraine.

Securities / Derivatives

TSE Signs Agreement to Provide Japanese Investors Access to US Securities

09/08/2023

The MoU between the Tokyo Stock Exchange and Blue Ocean Technologies will enable Japanese investors to trade US stocks during their daytime hours.