Sanctions

MOEX Stops Accepting USD as Collateral in FX, Securities Markets

24/08/2022

Russian authorities have been actively looking to reduce domestic reliance on the currencies of so-called ‘unfriendly’ nations.

Capital / Liquidity

ECB Targets Harmonisation of Crypto Licensing Requirements

24/08/2022

The ECB will look to ensure capital requirements criteria are applied when national regulators assess crypto-related licensing requests.

AML / KYC

Malaysia: Federal Court Upholds Najib Razak Conviction

24/08/2022

Najib was convicted in 2020 on 1MDB-related charges. The federal court upheld the conviction, requiring him to serve a 12 year jail sentence.

Korean Banks Start Publicly Disclosing Interest Rate Spreads

23/08/2022

The new disclosures are expected to push banks to increase the interest rates they pay on deposit products, and slow down the pace of interest rate hikes on loans.

Securities / Derivatives

CSRC Approves New Options at Zhengzhou Commodity Exchange

23/08/2022

Trading in rapeseed oil and peanut options will commence on the Zhengzhou Commodity Exchange from 26 August.

ESG / Sustainability

IMF Issues Staff Note on Mobilising Climate Finance

23/08/2022

The IMF staff note explores the factors that limit climate finance and what policymakers can do to address them, particularly in emerging market and developing economies.

Market Infrastructure

China Cyberspace Regulator Says it Supports Foreign Listings

23/08/2022

The CAC said it supports the healthy development of China’s internet companies and their use of overseas capital markets for fundraising.

Enforcement

US Court Allows Use of Crypto Firm’s Records to Identify Tax Cheats

23/08/2022

Crypto prime dealer SFOX will have to reveal the identities of customers who are US taxpayers and information on their crypto transactions.

Fintech / Regtech

DTCC Goes Live With New DLT-Based Settlement Platform

23/08/2022

The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day.