ADVERTISEMENT
International
ESG / Sustainability
BCBS to Backtrack on Climate-related Standards – Report
By Editors | 04/04/2024
The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.
Sanctions
Russia-China Business Facing Banking ‘Bottleneck’ – Report
By Editors | 04/04/2024
VTB, the only Russian bank with a fully-fledged branch in China, is dealing with high demand from companies seeking to open accounts to do business with Russia.
Sanctions
OFAC Removes Former VTB Bank Subsidiary from Sanctions List
By Editors | 04/04/2024
German authorities took control of VTB’s European subsidiary in 2022. The Russian parent was unable to exercise its rights due to sanctions.
Sanctions
More of Central Asia Stops Accepting Russian Mir Cards
By Editors | 04/04/2024
Kyrgyzstan’s national payments operator, and banks in Kazakhstan and Tajikistan, have stopped accepting Mir cards due to sanctions concerns.
Crypto / Digital Assets
New BIS Project Seeks Overhaul of Global Payment System
By Manesh Samtani | 04/04/2024
Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.
Big Picture
Industry Bodies Push Back Against BCBS Crypto Treatment
By Manesh Samtani | 04/04/2024
ISDA, GFMA, FIA and other trade bodies say banks should not be penalised for trying to innovate with public permissionless blockchains.
Sanctions
BVI Government to Establish Dedicated Sanctions Unit
By Editors | 03/04/2024
The new unit is being established with UK support to help ensure the effective implementation and enforcement of sanctions.
Sanctions
US Urges Korea to Restrict Technology Exports to China
By Editors | 03/04/2024
The US has asked South Korea to restrict the flow of equipment and technologies for making high-end logic and memory chips to China.
Fintech / Regtech
The Compliance Complexity Driving RegTech Demand in APAC
By Ed Probst | 02/04/2024
The growing complexity of regulatory requirements including in the reporting space is prompting FIs to rethink their approach to compliance, says Ed Probst.
Crypto / Digital Assets
Russia Using Tether Stablecoin to Circumvent Sanctions – Report
By Editors | 02/04/2024
One China-based smuggler used a Hong Kong distributor, shipments via Central Asia, and Tether for payments to fulfill Russian orders for drone parts.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.