Enforcement

Barclays, UBS Face Scrutiny Over Ties to Sanctioned Russian

03/02/2023

The beneficial ownership of ten offshore trusts owned by Russian oligarch Roman Abramovich was changed shortly before he was sanctioned in the EU and UK.

Enforcement

South Korea Arrests Shipping Agent for DPRK Sanctions Violations

03/02/2023

The shipping agent was detained on charges relating to illegal shipments of diesel to North Korea conducted between October 2021 and January 2022.

Market Infrastructure

CSRC Draft Rules to Expand New IPO System to Main Boards

02/02/2023

The registration-based IPO system adopted by the STAR Market, ChiNext and BSE will be adopted on the main boards of the Shanghai and Shenzhen exchanges.

Capital / Liquidity

EBA Unveils Methodology for EU-Wide Stress Test

02/02/2023

The 6 percent GDP decline in the adverse scenario makes it the most severe scenario ever used in the EU-wide stress test.

Market Infrastructure

NYSE Faces Claims Over Last Week’s Trading Halts

01/02/2023

Charles Schwab, Robinhood, Virtu Financial and Citadel Securities are among the firms that submitted claims. The total impact is estimated at over $20mn.

Securities / Derivatives

Beijing Bourse Issues New Rules on Govt Bond Trading

01/02/2023

Institutional investors with bond accounts at the CCDC can apply for access to trade government bonds on Beijing Stock Exchange’s platform.

Crypto / Digital Assets

EIB Issues First GBP Digital Bond on Public Blockchain

01/02/2023

The issue marks the first ever digital bond denominated in GBP, as well as the first public issuance on Orion, HSBC’s new tokenisation platform.

Sanctions

US, Canada, UK Announce Fresh Myanmar Sanctions

01/02/2023

The sanctions come two years after the February 2021 military coup. Myanmar’s air force is among the targets for its civilian bombing campaign.

Crypto / Digital Assets

Crypto Firm Celsius Operated as Ponzi Scheme, Report Says

01/02/2023

Celsius, now in bankruptcy, used customer funds to prop up the price of its own token for years, including to allow insiders to cash out.