PEPs & Sanctions

RBI Grants First Vostro Approvals to Russian Banks

26/10/2022

Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.

Climate Risk

Singapore Commits to Tougher Net-Zero Emissions Target

26/10/2022

Singapore will develop low-carbon hydrogen as a fuel source, with a view to reaching peak emissions earlier than its stated 2030 deadline.

Trading & Investment

China Expands List of Stocks Eligible for Margin Trading

26/10/2022

The expansion enables investors to use more leverage to buy stocks, which the SSE and SZSE say will enhance market vitality and liquidity.

Emerging Prudential Risks

China Eases Overseas Borrowing Limit for Corporates, FIs

26/10/2022

The move is intended to increase capital inflows to China and increase dollar liquidity in the country, to help stabilise the yuan.

Structural Regulation

Singapore Launches Code of Conduct for BNPL Providers

26/10/2022

BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.

Sustainable Finance

Hong Kong Mortgage Corp Issues Inaugural Social Bonds

26/10/2022

The net proceeds will mainly be used to finance or refinance loans issued under Hong Kong’s 100% loan guarantee scheme for SMEs.

Anti-Bribery & Corruption

US Charges Chinese “Agents” for Obstructing Huawei Probe

26/10/2022

The two defendants are accused of trying to bribe a US official to obtain inside information about the criminal case against Huawei.

Sustainable Finance

Japan FSA Establishes Working Group on Impact Investment

26/10/2022

The working group will discuss measures for expanding impact investment in Japan, taking into account trends and practices used in other markets.

Trading & Investment

CFTC Re-Grants Certification TAIEX and Mini-TAIEX Futures

26/10/2022

CFTC certification allows US participants to trade TAIEX Futures and Mini-TAIEX Futures through eligible brokers.