Markets & Infrastructure

PEPs & Sanctions

Russian Business With India is ‘Booming’, Says Sberbank Exec – Report

By Editors | 06/09/2024

Sberbank executive said Russia is able to import anything it needs from India, with most transactions only taking a few hours to complete.

Fraud, Scams & Cybercrime

UK Proposes to Lower Limit for APP Fraud Reimbursements

By Nithya Subramanian | 06/09/2024

The PSR has proposed to revise its December 2023 plan to reduce the reimbursement limit from GBP 415,000 to GBP 85,000.

Trading & Investment

Japan FSA Urges Banks to Provide M&A Support to Corporate Clients

By Thisanka Siripala | 06/09/2024

The FSA is asking FIs to develop internal expertise to help guide businesses through mergers and acquisitions, including for post-merger integration.

DeFi & Web3

CFTC Fines Uniswap for Offering Crypto Derivatives Without Registration

By Nithya Subramanian | 06/09/2024

The CFTC’s Ian McGinley said DeFi operators must be vigilant to ensure transactions comply with the law. Two commissioners dissented.

Data Privacy

Japanese Insurers Under Microscope for 2.5m Data Breaches

By Thisanka Siripala | 06/09/2024

Four insurance agencies found leaks of personal information by employees to try and win business and encourage customers to switch providers.

Structural Regulation

IFSCA Proposes Rule Changes for GIFT City Market Infrastructure

By Ajoy K Das | 06/09/2024

The changes are aimed at ensuring robust governance standards at GIFT City’s two stock exchanges, two clearing corporations and one depository.

Trading & Investment

StanChart Completes First Gold Price Hedge Deal in India’s GIFT City

By Ajoy K Das | 05/09/2024

Standard Chartered Bank completed an OTC derivatives deal in GIFT City worth $4mn for hedging gold prices.

Structural Regulation

BSP Authorises Maybank to Launch Islamic Banking Operations

By Sanday Chongo Kabange | 05/09/2024

Maybank is just the second bank authorised to launch Islamic banking operations in the Philippines, after CARD Bank was authorised in June 2023.

Conduct, Culture & Accountability

China Securities Association Issues New Code of Professional Ethics

By Editors | 05/09/2024

Securities firms have until 31 March 2025 to update and improve their personnel management systems to comply with the revised Code.