PEPs & Sanctions

EU Adopts New Rules for CSDs on Handling of Frozen Russian Assets

13/02/2024

The decision paves the way for the possible use of revenue generated from frozen Russian assets to aid in Ukraine’s reconstruction.

PEPs & Sanctions

US VC Firms Accused of Supporting China’s Tech Ambitions

13/02/2024

A report released by a US congressional committee accuses Sequoia Capital China, Qualcomm Ventures and three other VC firms of supporting China’s military.

PEPs & Sanctions

Small German Bank Suspected of Helping Iran Evade Sanctions – Report

13/02/2024

BaFin has been investigating Hamburg-based Varengold Bank since last year, while APAS has been investigating its independent auditor, PwC.

Conduct, Culture & Accountability

US SEC Fines 16 More Firms in WhatsApp Probe

11/02/2024

The broker-dealer and investment adviser firms, including Oppenheimer and US Bancorp, agreed to pay a combined $81mn.

Liquidity Risk

CSRC Designates 13 Funds as “Major” Money Market Funds

10/02/2024

The funds will have to comply with stricter regulatory requirements under rules jointly issued with the PBOC in February 2023.

Conduct, Culture & Accountability

HKEX to Accelerate Changes to Executive Leadership

10/02/2024

Current CEO will step down earlier than planned. Co-COO Bonnie Chan will start as CEO on 1 March 2024 instead of 24 May 2024.

Market Abuse

CSRC Punishes 63 Employees of China Merchant Securities

10/02/2024

The CSRC warned of increased on-site inspections and a coming crackdown on illegal stock speculation and “irresponsible behavior” by securities practitioners.

AI Risk & Governance

US Launches AI Safety Consortium With 225 Members

09/02/2024

Members include OpenAI, Google, Microsoft, Meta, Apple, Amazon, Nvidia, JPMorgan Chase, Bank of America, Mastercard, Visa and others.

PEPs & Sanctions

OFAC Announces Russian Diamond Ban, Price Cap Sanctions

09/02/2024

Import ban on Russian diamonds starts 1 March 2024. New sanctions target UAE-based entities and an oil tanker.