International

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    Sanctions

    US Adds 11 Entities to Entity List, Including 6 Chinese Firms

    By Editors | 12/04/2024

    One of the entities was “working as a part of a network” with three Russian firms to procure aerospace components for Iran.

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    ESG / Sustainability

    SBTi Policy Decision Prompts Backlash from Staff, Advisers

    By Manesh Samtani | 12/04/2024

    SBTi announced its intention to allow the use of carbon credits to tackle Scope 3 emissions. Staff and technical advisers are demanding a reversal of the new policy.

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    Securities / Derivatives

    Industry Collaborates to Test Digital Regulatory Reporting

    By Editors | 12/04/2024

    The first phase of the collaboration between DTCC and REGnosys will test the ISDA DRR for derivatives reporting in Japan and the EU.

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    Big Picture

    Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns

    By Manesh Samtani | 11/04/2024

    This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.

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    Securities / Derivatives

    SFC Issues Guidance on Offering Hong Kong Funds in UAE

    By Mark Johnston | 11/04/2024

    The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

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    Big Picture

    BIS Paper Calls for Global Consistency in Stablecoin Regulation

    By Manesh Samtani | 11/04/2024

    Despite commonalities in the regulatory efforts across jurisdictions, the regulatory landscape remains “diverse and fragmented”, the paper says.

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    Enforcement

    Australian Court Rules on Sanctions Law Breach by Coal Miner

    By Editors | 10/04/2024

    A Federal Court Justice has ruled that ASX-listed coal miner Tigers Realm Coal breached Australia’s sanctions law.

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    Sanctions

    EU Starts Work on 14th Russia Sanctions Package

    By Editors | 10/04/2024

    Valdis Dombrovskis said the 14th package against Russia would have a “strong anti-circumvention focus” and “should be adopted in spring”.

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    Sanctions

    US Treasury Official Calls for Expanded Tools to Target Crypto

    By Manesh Samtani | 10/04/2024

    Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.

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    Market Infrastructure

    EU Firms “Prepared” to Meet UPI Reporting Requirments: DSB

    By Editors | 10/04/2024

    The DSB said its user onboarding data reveals a steady increase in EU headquartered firms joining the UPI service.

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