Markets & Infrastructure

PEPs & Sanctions

Armenian Banks Stop Accepting Russian Mir Cards – Reports

By Editors | 22/03/2024

The Union of Armenian Banks attributed the decisions to the risk of secondary sanctions from the US.

Structural Regulation

EU, China Hold Inaugural Meeting of New Working Group

By Mark Johnston | 22/03/2024

Regulators from both sides discussed AML, supervisory cooperation, sustainable finance, capital markets, cross-border data transfers, payments, and CCP equivalence.

Cryptocurrency

Japan GPIF Considers Diversifying Holdings Into Forests and Bitcoin

By Editors | 22/03/2024

World’s largest pension fund seeking information on investing in forests, farmland, gold, and crypto-assets; plans to resume foreign stock lending.

Structural Regulation

US SEC Facing Industry Lawsuit Over Dealer Rule

By Editors | 22/03/2024

AIMA and others say the SEC does not have statutory authority to change the definition of “dealer” and did not take into account economic consequences when adopting the rule.

Clearing & Post-Trade

SEBI to Launch “Beta” Version of T+0 Settlement System on 28 March

By Ajoy K Das | 22/03/2024

The new optional same-day settlement cycle for equities will be tested with a “limited set of 25 scrips” and a “limited number of brokers”.

Structural Regulation

SEBI Relaxes Additional Disclosure Requirements for FPIs

By Ajoy K Das | 22/03/2024

FPIs with over 50% of their Indian equity AUM in a corporate group will be exempted from the additional disclosures, subject to conditions.

Cryptocurrency

US SEC Seeking Information About Ethereum Foundation – Reports

By Editors | 22/03/2024

The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.

Cloud & Infrastructure

Vietnam Central Bank Proposes to Introduce Regulatory Sandbox

By Sanday Chongo Kabange | 22/03/2024

The SBV will develop a fintech regulatory sandbox fintech for innovations relating credit scoring, open API and P2P lending.

PEPs & Sanctions

More Chinese Banks Stop Accepting Russian Payments – Reports

By Editors | 22/03/2024

Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.