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United States
Sanctions
US Imposes New Controls on Exports to Pakistan
By Editors | 27/11/2024
The new controls are being imposed on six categories of items being sought by entities on the Entity List for “regional stability reasons”.
Sanctions
Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say
By Editors | 27/11/2024
US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.
Big Picture
US Federal Reserve Governor Cautions Against Hasty AI Regulation
By Mark Johnston | 26/11/2024
Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.
Enforcement
US Authorities Charge Former Co-CIO of WAMCO with Fraud
By Editors | 26/11/2024
Ken Leech disproportionally allocate winning trades to favoured portfolios and loss-making trades to disfavoured portfolios.
Market Infrastructure
NY Fed Starts Publishing SOFR With Revised Methodology
By Editors | 26/11/2024
The revised methodology removes transactions between affiliated institutions and mitigates the influence of “specials” transactions
Sanctions
US State Department “Taking Steps” to Sanction Hong Kong Officials
By Editors | 25/11/2024
The move is a response to the jailing of 45 pro-democracy advocates. China has vowed to take “firm countermeasures” if the sanctions come to pass.
Sanctions
OFAC Targets Russian Finance With Sweeping New Sanctions
By Editors | 24/11/2024
The sanctions target Gazprombank, over 50 other Russian banks, more than 40 Russian securities registrars, and 15 Russian finance officials.
Sanctions
Myanmar Groups Call for Sanctions on Myanma Economic Bank
By Editors | 23/11/2024
Civil society groups say state-owned Myanma Economic Bank is being used to circumvent sanctions and enable the military junta to access foreign currency.
Capital / Liquidity
ECB Compares EU and US Capital Requirements for Banks
By Mark Johnston | 23/11/2024
The ECB hasn’t yet decided whether to publish its analysis, which reportedly shows that EU banks would face significantly higher capital requirements if they were subject to US rules.
Sanctions
OFAC Sanctions Six Senior Hamas Officials and Financiers
By Editors | 22/11/2024
OFAC said the targets facilitate terrorist activities, represent Hamas interests abroad, and coordinate transfers of money and goods into Gaza.
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