ESG Data

Panel 2: Regulation & Standardisation: A Global Push towards Transparent ESG Data and Ratings

31/10/2022

To increase oversight and accountability, regulatory bodies such as IOSCO and the FCA have proposed the standardisation of ESG data and ratings. With good governance, rules and regulations to decrease operational risk, this panel explores how new standards can impact banks and FIs in their ESG data analysis and reporting.

Reporting & Disclosures

Panel 1: Global Challenges, Local Solutions: ESG Taxonomies in Asia

31/10/2022

By looking at the nuances between the EU and ASEAN Taxonomy and the ESG disclosure rules in the US, this panel explores how these taxonomies and disclosure rules can complement each other to potentially create a cohesive taxonomy system that can help nation states, FIs and corporates reach their ESG goals.

CBDCs

BOT Expects Retail CBDC Launch to Take At Least Five Years

31/10/2022

The BOT expects to begin testing retail CBDC applications with the private sector in December. Ahead of the tests, the BOT is inviting firms to suggest “interesting use cases”.

Payments & Settlements

Thailand Set to Launch Letter of Guarantee System for Banks

31/10/2022

The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.

Custody & Infrastructure

SGX-owned MaxxTrader Partners with DBS on Digital Assets

30/10/2022

DBS said the partnership enables it to provide more dynamic pricing, financing, and risk solutions to investors, which contributes to Singapore’s growing influence as a global digital asset hub.

Market Abuse

SMBC Nikko Securities Pleads Guilty to Stock Price Manipulation

30/10/2022

SMBC Nikko has already been ordered to suspend its block trading business for 3 months. The trial is set to end on 26 Dec and a verdict delivered on 13 Feb.

Conduct, Culture & Accountability

SFC Disciplines Takeovers Code Breach with ‘Public Criticism’

30/10/2022

Gold Dragon Worldwide Asset Management failed to disclose trades in a stock during an offer period despite it controlling more than 5 percent of the stock.

Cryptocurrency

UK Lawmakers to Extend FCA Remit to Cover All Crypto

30/10/2022

An amendment to the Financial Services and Markets Bill will empower the FCA to regulate crypto promotions and ban companies that are not authorised to operate in the UK.

Data Privacy

Hong Kong CR to Shield Some Director Info from Public View

30/10/2022

Residential addresses and full ID numbers will be replaced with correspondence addresses and partial ID numbers. FIs can still apply for access to the full data.