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Sanctions
China Launches Antitrust Probe into US Chip Giant Nvidia
11/12/2024
The probe is seen as a geopolitical rather than a regulatory or legal action, in retaliation against the US’ latest curbs on China’s chip sector.
Fintech / Regtech
RBI to Form Dedicated Committee to Develop Framework for AI
11/12/2024
The committee of experts shall recommend a “robust, comprehensive, and adaptable AI framework” for the financial sector, the RBI said.
Securities / Derivatives
China to Open More Futures, Options Contracts to Foreign Investors
11/12/2024
More commodity futures and options contracts will be opened up to qualified foreign institutional investors, a senior CSRC official said.
Sanctions
OFAC Sanctions Chinese Cybersecurity Company and Employee
11/12/2024
OFAC said the employee was responsible for deploying malware to 81,000 firewalls owned by thousands of businesses worldwide in April 2020.
Sanctions
Canada Sanctions Chinese, Russian Officials for Human Rights Abuses
11/12/2024
The sanctions were announced to mark International Human Rights Day. China said the sanctions violate international law.
Market Infrastructure
China Declares First Change in Monetary Policy Stance in 14 Years
11/12/2024
The government changed its monetary policy stance from “prudent” to “moderately loose” and signalled that it will increase focus on boosting consumption.
Capital / Liquidity
New Zealand to Raise Kiwibank’s Capital to Enhance its Competitiveness
11/12/2024
The government has also set new expectations for the RBNZ emphasising that it must place greater emphasis on competition in the banking sector.
Securities / Derivatives
SEBI Issues Updated Investor Charter to Enhance Protections
10/12/2024
The updated charter emphasises the confidentiality of investor information and strengthens the grievance redressal and dispute resolution mechanisms.
Sanctions
UK, US Issue Sanctions for Illicit Gold Trading, Human Rights Abuses
10/12/2024
The dozens of sanctions targets include a British-Kenyan businessman who ran a global gold smuggling and money laundering network in Zimbabwe.
Crypto / Digital Assets
Etrading Software Designated as ISIN Issuer for Crypto Instruments
10/12/2024
Etrading Software is now the Designated Numbering Agency responsible for issuing ISINs for crypto instruments globally
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