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PEPs & Sanctions
US Imposes Sanctions Against 18 Iranian Banks
By Editors | 11/10/2020
FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.
Trading & Investment
Australia to Assist Cambodia in Capital Markets Development
By Editors | 11/10/2020
The Australian government will provide technical assistance to develop a regulatory framework and market capacity for investment in infrastructure.
Trading & Investment
ISDA to Launch IBOR Fallbacks Supplement, Protocol on 23 Oct
By Editors | 11/10/2020
Widespread adoption is a tangible step financial and non-financial firms can take to avoid disruptions in derivatives markets and mitigate risks at a system-wide level, the FSB says.
CBDCs
BIS Report Outlines Common Foundation for Retail CBDCs
By Editors | 11/10/2020
Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.
Tokenisation
Thailand: SET to Establish Digital Asset Trading Platform
By Sanday Chongo Kabange | 08/10/2020
The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.
Operational Risk
Fed Orders Citigroup to Correct “Longstanding Deficiencies”
By Editors | 08/10/2020
The Fed has ordered Citigroup to remediated enterprise-wide risk management and controls deficiencies. The OCC has penalised Citibank $400mn for the same deficiencies.
CBDCs
PBOC Outlines Progress from Digital Yuan Pilot Tests
By Sanday Chongo Kabange | 07/10/2020
Over 113,300 personal and 8,000 corporate digital wallets have been opened as part of the ongoing DC/EP tests, according to PBOC deputy governor Fan Yifei.
Trading & Investment
HKFE Obtains CFTC Certification for More MSCI Contracts
By Editors | 06/10/2020
Two broad-based Taiwan equity index contracts have received CFTC certification, allowing them to be offered and sold to persons in the US.
Structural Regulation
CFTC Fines Morgan Stanley Over Inaccurate Swaps Reporting
By Editors | 06/10/2020
Morgan Stanley’s cooperation with the CFTC investigation was rewarded with a reduced civil monetary penalty of $5mn.
Trading & Investment
ISDA Receives Positive Business Review Letter from DOJ
By Manesh Samtani | 05/10/2020
The letter brings ISDA a step closer to publishing a supplement and related protocol that will make IBOR fallbacks in derivatives a reality.
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