ESG / Sustainability

KRX to Waive Fees for Issuers of ESG Bonds – Report

04/06/2020

KRX will also launch a centralised platform where investors can obtain the investment information and disclosures of each bond, as it seeks to bolster ESG bond markets.

Fintech / Regtech

JPX, JASDEC Select Use Cases to Test in DLT Project

04/06/2020

DLT will be tested to share fund, SSI, and corporate information; enhance compatibility among fund distribution networks; share stock borrowing and lending information.

Enforcement

CBIRC Issues Rules for Banks on Handling of Criminal Cases

04/06/2020

The CBIRC has set out banks and insurers’ obligations when handling criminal cases that arise, including duties to investigate, issue reports, determine accountability and hand out punishments.

HKMA Initiative to Nurture Young Talent for Banking Industry

04/06/2020

The HKMA will sponsor up to half of the salaries of the fresh graduates employed by firms that participate in the Banking Talent Programme.

AML / KYC

Philippine Lawmakers Approve Strict New Anti-Terrorism Law

04/06/2020

Wiretaps and arrests can be carried out without a warrant. Bank records can be inspected without a court order. Life imprisonment without parole can be imposed for facilitating terrorist acts.

AML / KYC

ACAMS, FAST Collaborate to Fight Modern Slavery, Human Trafficking

04/06/2020

A new ‘Fighting Modern Slavery and Human Trafficking’ certificate is being provided free-of-charge to financial sector actors.

Fintech / Regtech

Japan Megabanks to Collaborate on Cashless Payments

04/06/2020

The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.

Securities / Derivatives

NAFMII Launches Asset-backed Commercial Paper Pilot

04/06/2020

The pilot programme has so far helped 270 small and micro businesses obtain financing by selling their accounts receivables and notes to be securitised.

Securities / Derivatives

ESMA Clarifies Transparency Rules, Position Limits for Non-EU Venues

04/06/2020

ESMA has clarified its application of post-trade transparency requirements and the position limits regime to third-country trading venues.