Markets & Infrastructure

PEPs & Sanctions

Russia to Enact Legislation Allowing it to Seize Western Assets

By Editors | 16/06/2023

The legislation would enable the Russian government to appropriate the assets of Western companies at significant discounts.

Structural Regulation

Faster Progress Needed to Enhance EU Capital Markets: IMF

By Editors | 15/06/2023

IMF managing director Kristalina Georgieva highlighted key priorities to enhance Europe’s capital markets.

Payments & Settlements

BSP Proposes Enhance Guidelines for Electronic Fund Transfers

By Editors | 15/06/2023

In the event of unsuccessful transactions, financial institutions must return the amount to the sender within one hour.

Structural Regulation

Canada Pauses Work With AIIB to Probe China’s Involvement

By Editors | 15/06/2023

Canada will halt activity with the AIIB, after an official alleged that the bank was dominated by the Chinese Communist Party.

Structural Regulation

Korea Probes Four Banks for Possible Collusion on Rates

By Sanday Chongo Kabange | 15/06/2023

The Fair Trade Commission conducted inspections at Kookmin Bank, Hana Bank, Shinhan Bank and Woori Bank.

Clearing & Post-Trade

India Supervisory Regime for CCPs Gains UK Equivalence

By Editors | 15/06/2023

Indian CCPs have been facing the possibility of losing their ability to provide clearing services to UK market participants.

Cryptocurrency

US SEC Responds to Court Order on Crypto Rulemaking

By Manesh Samtani | 14/06/2023

The SEC said it has not yet decided what action to take regarding Coinbase’s rulemaking petition, but that it will provide an update by 11 October 2023.

Trading & Investment

RBI Expands Scope of TReDS to Facilitate Access to Financing

By Ranamita Chakraborty | 14/06/2023

TReDs platforms, which enable MSMEs to obtain financing for trade receivables, will have a larger pool of financiers as well as an insurance facility.

Trading & Investment

PBOC Consults on Revised Valuation Rules for Interbank Bond Market

By Karen Ng | 14/06/2023

The revised rules for valuation agencies cover internal governance, valuation methods, information disclosure, and conflicts of interest management.