Trading & Investment

Korea: FSS Warns Against New Tax on Investment Income

05/06/2024

FSS governor said the financial investment income tax will disincentivise long-term investment and lead to outflows from Korea.

Cryptocurrency

ESMA Issues Conflict of Interest Rules for Crypto Firms

05/06/2024

ESMA says crypto firms may be “vertically integrated” but must be able to identify, prevent, manage and disclose conflicts of interest.

Trading & Investment

China Raises QDII Limits for the First Time Since July 2023

04/06/2024

China had suspended the expansion of the QDII programme last year to reduce capital outflow and ease pressure on the yuan.

Structural Regulation

Australian Treasury Orders Chinese Investors to Sell Shares

04/06/2024

China-linked investors were ordered to dispose of shares in rare earths miner Northern Minerals on national interest grounds.

Payments & Settlements

Marketnode Set to Launch New Funds Settlement Infrastructure

04/06/2024

Fundnode will be ready within June with a network of partners including fund managers, wealth managers, and private banks.

Structural Regulation

Bangladesh Bank Grants First Digital Banking Licence

03/06/2024

The licence was granted to Nagad Digital Bank, which first approached Bangladesh Bank about a digital bank licence in 2020.

Liquidity Risk

Bank Indonesia Expands Incentives for Priority Sector Lending

03/06/2024

BI is providing larger discounts on reserve requirements to lenders that provide credit to certain sectors such as housing and green finance.

Resolution & Recovery

UBS Group Completes Acquisition of Credit Suisse

03/06/2024

“Today we have achieved a significant milestone in our integration journey,” said UBS CEO Sergio Ermotti.

PEPs & Sanctions

US Officials Warn of Sanctions Against Chinese Firms

03/06/2024

US officials Wally Adeyemo and Kurt Campbell say Chinese firms and financial institutions could be targeted with sanctions for assisting Russia.