International

Sanctions

US and EU Announce New Sanctions Targeting Hamas

By Editors | 15/04/2024

The US targeted leaders of Hamas cyber and drone operations. The EU targeted three entities linked to human rights abuses.

Sanctions

US Treasury Proposes Enhancement to CFIUS Powers

By Editors | 14/04/2024

CFIUS would be able to more easily subpoena and demand information from companies involved in corporate acquisitions, including third parties.

Sanctions

EU Council Approves Law Criminalising Sanctions Violations

By Editors | 14/04/2024

It will be a criminal offence in all member states to help someone bypass a travel ban  or trade in sanctioned goods.

Sanctions

LME, CME Barred from Accepting Three Key Russian Metals

By Editors | 12/04/2024

The LME and CME can no longer accept new aluminum, copper, and nickel produced by Russia. Existing stocks are exempt from the ban.

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.

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.

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.

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”.

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.