ESG / Sustainability

NGFS Publishes New Reports on Nature-related Risks

05/07/2024

The first report offers a conceptual framework for nature-related financial risks. The second focuses on nature-related litigation.

Crypto / Digital Assets

EBA Publishes Travel Rule Guidelines for Crypto Sector

05/07/2024

The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.

Securities / Derivatives

ESMA Publishes Trade Transparency Standards for MiCA

05/07/2024

ESMA report includes standards for how crypto trading platforms should publish data required for pre-and post-trade transparency.

Fintech / Regtech

Korea to Provide Policy Finance Support for AI Development

04/07/2024

Korea Development Bank will provide KRW 3 trillion in low-interest rate loans to AI-related sectors and create a new “AI Korea Fund” worth KRW 500 billion.

China to Cap Salaries in Financial Industry – Report

04/07/2024

The measure could be applied retroactively, requiring those who earned more than CNY 3 million over the past few years to return the excess.

Securities / Derivatives

China Launches Covered Bond Programme for Private Firms

04/07/2024

Four companies issued bonds on Tuesday through the new programme, which aims to help private businesses secure financing.

AML / KYC

FATF Plans to Update Guidance for Money Laundering NRAs

04/07/2024

The FATF aims to make NRA guidance “more effective, comprehensive and useful for all stakeholders involved”.

Enforcement

Singapore Jails Former Fund Manager for Deceptive Conduct

04/07/2024

Sun Weiyeh is the first to be convicted under the SFA for fraudulent or deceptive conduct relating to OTC bond trading.

Enforcement

MAS Fines GSG Capital Director for Insider Trading

04/07/2024

The sole shareholder and director of GSG Capital bought shares in SGX-listed GS Holdings while in possession of material non-public information.