Sustainable Finance

Fireside Chat: Regulating Carbon Markets

02/11/2022

IOSCO’s Nathanail described the challenges across different jurisdictions in building functional, efficient and standardised carbon markets. She also discussed the incentives for jurisdictions to sell offset units to other countries, regulatory arbitrage issues, and the interplay between ETS schemes, VCMs, and carbon tax regimes.

Sustainable Finance

MAS, PBOC to Jointly Establish Green Finance Taskforce

02/11/2022

A number of Singapore-China initiatives were announced this week, including plans by SGX, SSE and SZSE to launch a Low Carbon Index Family by year-end.

Sustainable Finance

IDX, MVGX Partner to Develop Indonesia’s Carbon Market

02/11/2022

Indonesia Stock Exchange and Singapore’s MetaVerse Green Exchange will collaborate to develop a carbon exchange system in Indonesia.

Trading & Investment

HKEX to Amend Cash Market Trading Fee Structure

01/11/2022

The enhancements will result in a simpler and more predictable cash market trading fee structure, HKEX said.

Cryptocurrency

Korea Prepares Stop-Gap Legislation to Protect Crypto Investors

01/11/2022

The proposed legislation will empower the FSC to punish unfair trading in virtual assets the same way it does in the stock market.

Structural Regulation

Google Fined $275m in India for Anti-Competitive Practices

01/11/2022

Google is ordered to allow the use of third-party payment processing services in its Play Store and not discriminate against apps facilitating UPI payments.

Market Abuse

New York Court Dismisses Tom Hayes LIBOR Rigging Case

01/11/2022

US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.

Trading & Investment

SEBI Standardises Rating Scales Used in Issuer & Credit Ratings

01/11/2022

Standardised symbols, definitions and descriptors have been devised for issuer ratings and corporate credit ratings, following consultation with CRAs.

Conduct, Culture & Accountability

ASIC Publishes Inspection Findings from Six Biggest Audit Firms

01/11/2022

Based on the number of negative findings in the files ASIC assessed, EY demonstrated the highest quality audits, followed by BDO and PwC.