Payments & Settlements

PBOC, BOT to Promote Local Currency Use in Bilateral Transactions

22/05/2024

The PBOC and BOT governors also discussed banking and financial cooperation and cross-border payment and settlement.

Tokenisation

DTCC Completes Blockchain Pilot for Mutual Fund Data

22/05/2024

The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.

Resolution & Recovery

Japan FSA to Take Control of Two Regional Banks

22/05/2024

The FSA will obtain 63 percent of voting rights in Jimoto Holdings, which operates Kirayaka Bank and Sendai Bank.

PEPs & Sanctions

US Sanctions Blamed for Death of Iranian President

22/05/2024

Iran has been unable to buy aviation spare parts, one of the main reasons cited for the helicopter crash that killed President Ebrahim Raisi.

PEPs & Sanctions

Russia Seizes Assets of Deutsche Bank, Commerzbank, UniCredit

22/05/2024

The banks were among the guarantor lenders under a contract for the construction of a gas processing plant which was terminated due to sanctions.

Supervision & Enforcement

OJK Indonesia Launches Roadmap to Strengthen Rural Banks

21/05/2024

The main focus will be on strengthening capital, accelerating consolidation, and strengthening governance practices, OJK said.

Fraud, Scams & Cybercrime

NYAG Secures $2bn Settlement from Crypto Lender Genesis

21/05/2024

New York Attorney General Letitia James said the settlement was the largest against a crypto firm in the state’s history.

Data Privacy

Taiwan FSC Issues New Data Governance Consultation

21/05/2024

The consultation categorises customer data of FIs into four levels, and proposes corresponding governance methods for each level during data sharing.

Clearing & Post-Trade

HKEX Implements Enhancements to Swap Connect

21/05/2024

The enhancements include a compression service to help firms reduce their capital costs and increase transaction settlement efficiency.