LATEST NEWS

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    Crypto / Digital Assets

    Thai SEC to Allow Private Funds to Invest in Spot Crypto ETFs

    By Editors | 14/03/2024

    SEC Secretary General Pornanong Budsaratragoon said the funds can only be offered to institutional investors and ultra-high-net-worth investors.

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    Sanctions

    US Extends Iran Sanctions Waiver Used by Iraq

    By Editors | 14/03/2024

    The waiver allows Iraq to pay Iran for electricity and natural gas imports into escrow accounts, where the funds can only be used for humanitarian supplies.

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    Capital / Liquidity

    Bangladesh Introduces Strict Measures Targeting Wilful Defaulters

    By Ajoy K Das | 14/03/2024

    Wilful defaulters will not be allowed to travel, secure trade licences, register companies, or serve as a director of any financial institution.

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    Sanctions

    EU Considers Sanctions Package Targeting Russia Facilitators

    By Editors | 14/03/2024

    The EU sanctions could target Belarus, North Korea, Iran and other third countries where entities enable Russian access to weapons and sensitive technology.

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    Securities / Derivatives

    New Regulatory Framework for Index Providers Takes Effect in India

    By Ajoy K Das | 14/03/2024

    Index providers that administer significant indices consisting of India-listed securities for use in the Indian market have six months to register.

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    AML / KYC

    Use of AI for AML Could Lower Effectiveness: Report

    By Bradley Maclean | 14/03/2024

    A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

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    Enforcement

    APRA Removes NAB’s Capital Add-On for Operational Risk

    By Sanday Chongo Kabange | 14/03/2024

    APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.

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    Capital / Liquidity

    China Directs Banks to Stop Issuing Guarantees for LGFV Bonds

    By Editors | 14/03/2024

    An estimated $445bn worth of public bonds issued by local government financing vehicles need to be repaid by the end of 2024.

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    Crypto / Digital Assets

    Crypto Major OKX Wins In-principle Approval in Singapore

    By Ranamita Chakraborty | 14/03/2024

    OKX will focus on spot products first while it works to bring local banking connections to customers “as soon as possible”.

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    China Pledges to More Support for Innovation, Green Development

    By Editors | 14/03/2024

    The NFRA is looking to enrich the green financial product ecosystem, and potentially using state-run asset managers to invest in innovative firms.

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