ESG / Sustainability

Korea Establishes New Guidelines on Green Finance

13/12/2024

The guidelines are not mandatory, but regulators will encourage FIs to apply them on a voluntary basis to facilitate a seamless supply of green finance.

ESG / Sustainability

Bursa Malaysia Lists World’s First ETF With Waqf Feature

13/12/2024

The listing comes after Bursa Malaysia enhanced its listing requirements in March last year to facilitate listings of ETFs with Waqf features.

FSS Korea Implements Broad Organisational Reforms

12/12/2024

The FSS has reappointed 74 out of 75 department heads to “promote innovative thinking and work innovation”.

Enforcement

US Authorities Charge 14 Over DRPK IT Workers Scheme

12/12/2024

US employers unwittingly employed 14 North Korean IT workers for years and paid them hundreds of thousands of dollars in salary.

Sanctions

US Disburses $20bn Portion of G7 Loan to Support Ukraine

12/12/2024

The funds, part of the $50bn G7 loan package, will be repaid with earnings from the  Russian assets frozen by sanctions in Europe.

Sanctions

UK to Help Cyprus Establish Sanctions Implementation Unit

12/12/2024

That new unit will have new analytical tools and powers to investigate sanctions evasion and ensure the effectiveness of Russia-related sanctions.

Fintech / Regtech

New Zealand FMA to Launch Regulatory Sandbox Pilot in 2025

12/12/2024

The FMA is inviting expressions of interest from firms interested in joining the sandbox pilot, which will run from January to July 2025.

Enforcement

Former Chairman of China Everbright Group Handed Jail Sentence

12/12/2024

Tang Shuangning embezzled public property while at the PBOC in 2003 and accepted bribes in various positions between 2000 and 2017.

Market Infrastructure

FINMA Recognises KRX as Qualified Clearing Organisation

12/12/2024

The recognition means Swiss FIs can receive clearing services from KRX, which has previously been recognized by the CFTC and ESMA.