LATEST NEWS

Market Infrastructure

Australia Publishes Details on Reforms to Foreign Investment Regime

By Sanday Chongo Kabange | 03/05/2024

Greater scrutiny will apply to foreign investments in sensitive sectors. Passive investors with a strong track record would receive less scrutiny.

Fintech / Regtech

RBI Updates Expectations on Operational Risk Management

By Ajoy K Das | 03/05/2024

The updated guidance note better aligns with the BCBS principles and extends applicability to regulated entities beyond just banks.

Securities / Derivatives

Korea FSC Unveils Draft Guidelines for “Value-up” Programme

By Manesh Samtani | 03/05/2024

The programme is designed to encourage listed companies to improve corporate governance, long term value creation, and shareholder returns.

Sanctions

US Senators Raise Concerns Over Iran’s Crypto Mining

By Editors | 03/05/2024

A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.

AML / KYC

NZ Banks Set to Start ‘Confirmation of Payee’ Implementation

By Sanday Chongo Kabange | 03/05/2024

NZBA has identified a preferred provider for the service and will soon start the technical build for the payments system.

Enforcement

Russian Court Cancels Part of JPMorgan Freeze Order

By Editors | 03/05/2024

The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.

Sanctions

OFAC Sanctions New Targets for Helping Hizballah Money Exchanger

By Editors | 02/05/2024

Five individuals and two entities were sanctioned for helping a previously-designated money exchanger to evade sanctions, OFAC said.

Securities / Derivatives

RBI Issues Draft Framework for Electronic Trading Platforms

By Ajoy K Das | 02/05/2024

ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.

ESG / Sustainability

New Zealand XRB Establishes Sustainability Reporting Board

By Editors | 02/05/2024

The new technical committee will advise the XRB on New Zealand’s Climate Standards and the development of a voluntary, non-financial reporting framework.