Fintech / Regtech

FCA Launches “AI Lab” to Support Financial Sector Innovation

20/10/2024

The FCA’s Jessica Rusu said the AI Lab will help firms overcome challenges they face in building and implementing AI solutions.

China to Expand Property ‘White List’ Programme, Expand Funding

18/10/2024

Approved loans for “white listed” projects reached CNY 2.23 trillion by 16 October. MOHURD said financing for such projects would increase to CNY 4 trillion by year end.

Securities / Derivatives

China Launches Two New Facilities to Boost Stock Market

18/10/2024

A new swap facility provides funding for securities firms, funds and insurers to invest in stock. A new relending facility will finance stock repurchases.

AML / KYC

FATF Announces Changes to Grey-Listing Mechanism

18/10/2024

The changes are expected to halve the number of lower income countries that are grey-listed in the upcoming assessment cycle.

Sanctions

11 Countries Establish Team to Monitor DPRK Sanctions Enforcement

17/10/2024

The new Multilateral Sanctions Monitoring Team will take up the work of a UN expert panel that was dissolved by a Russian veto earlier this year.

Enforcement

US Imposes Cyber Sanctions on Russian Crypto Network

30/09/2024

Two Russians were also indicted in a coordinated action that additionally involved the seizure of web domains and infrastructure.

Market Infrastructure

HKMA, SFC Finalise Details for New Derivatives Reporting Regime

29/09/2024

The UTI, UPI, CDE, LEI and ISO 20022 will be required under Hong Kong’s OTC derivatives reporting regime from 29 September 2025.

Crypto / Digital Assets

Korea to Protect Investors from Crypto Exchange Failures

28/09/2024

DAXA will establish a new foundation that will manage users’ assets when a crypto exchange fails and return them to investors.

Capital / Liquidity

China Announces Series of Measures to Stimulate Economy

27/09/2024

The measures seek to boost consumption, support the stock market, free up financial system liquidity, and boost bank capital.