Cybersecurity

CyberSecurity Malaysia, MX Global Partner on Digital Assets

19/09/2022

The collaboration includes research and development, joint solution development, and cyber risk training and awareness programmes.

Sustainable Finance

Taipei Exchange Lists First Two Sustainability-linked Bonds

19/09/2022

Taiwanese conglomerate Far East New Century and chemicals company Chi Mei Corp issued TPEx’s first two sustainability-linked bonds on Wednesday.

Structural Regulation

BNM Approves UOB Acquisition of Citi’s Malaysia Business

19/09/2022

UOB subsidiaries reached agreements in January to acquire Citigroup’s consumer banking businesses in Malaysia, Indonesia, Thailand and Vietnam.

Anti-Bribery & Corruption

Bank of East Asia Exec Detained in China for Taking Bribes

19/09/2022

The executive is accused of breaching credit rules and issuing loans in exchange for bribes. It is uncommon for executives of overseas banks to be detained in China.

Trading & Investment

Rosneft Becomes Third Russian Firm to Issue CNY Bonds

19/09/2022

The Rosneft deal marks the biggest bond sale ever by a Russian business. RUSAL  and gold producer Polyus also recently issued yuan-dominated bonds.

Fraud, Scams & Cybercrime

Taiwan to Hold Directors Responsible for Fund Manager Fraud

19/09/2022

The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.

Payments & Settlements

Bangladesh Allows Banks to Maintain Nostro Accounts in CNY

19/09/2022

The move will reduce Bangladesh’s reliance on the US dollar in foreign trade transactions and save costs for businesses.

Structural Regulation

CSRC Issues Draft Rules on Futures Exchange Regulation

19/09/2022

The draft rules adopt changes to align with China’s new Futures and Derivatives Law in relation to governance and risk management, among other areas.

Liquidity Risk

HKMA Extends Corporate Loan Support Scheme

19/09/2022

The Pre-approved Principal Payment Holiday Scheme has been in effect since May 2020. The HKMA says some corporates are still facing cash-flow pressures.