LATEST NEWS

Capital / Liquidity

PBOC Directs Banks to Cut Exposures to Long Duration Bonds

By Editors | 01/05/2024

The PBOC sees a mismatch between market prices and the economic outlook, and is trying to prevent further downward pressure on the yuan.

Crypto / Digital Assets

India Collaborates with US FBI on Crypto Scam Case

By Ajoy K Das | 01/05/2024

The joint operation uncovered a $360mn scam involving drug trafficking, crypto payments and the dark web.

AML / KYC

Wolfsberg Group Responds to FATF Payment Transparency Consultation

By Manesh Samtani | 01/05/2024

Operators of payment market infrastructures should be brought into the scope of R.16 and ISO 20022 terminology should be adopted.

Revised State Secrets Law Takes Effect in China

By Editors | 01/05/2024

The amendments widened the scope of restricted sensitive information to “work secrets” and information that “will cause certain adverse effects if leaked”.

RBI Directs Lenders to Repay Customers for “Excess” Interest

By Ajoy K Das | 01/05/2024

Lenders are directed to refund excess interest, review existing practices, and make system level changes to prevent unfair interest charges.

AML / KYC

US Court Sentences Binance Founder to Four Months Jail

By Editors | 01/05/2024

The sentence was below the three years requested by prosecutors and the 18 month maximum recommended under federal guidelines.

Capital / Liquidity

BCBS Proposes Counterparty Credit Risk Management Guidelines

By Editors | 01/05/2024

The guidelines seek to address weaknesses in CCR management, as demonstrated in the Archegos failure and other recent episodes of NBFI distress.

Japan Advances Work to Create New Guidelines for VC Firms

By Manesh Samtani | 01/05/2024

The Principles will seek to better align the investment and engagement practices of Japanese VC firms with international standards.

Korea FSS Issues “Model” Standards for Credit Finance Companies

By Editors | 01/05/2024

The standards call for better management of executives and employees to prevent money laundering, conflicts of interest, and misuse or embezzlement of loan funds.