Crypto / Digital Assets

BIS Paper Explains Why Crypto Cannot Function as Money

08/06/2022

Fragmentation without interoperability implies that cryptocurrencies cannot fulfil the role of money as a coordination device, the paper says.

AML / KYC

GCFFC Forms New Technology Experts Working Group

08/06/2022

The working group will identify areas of the fighting financial crime ecosystem that would benefit most from available technology upgrades.

Capital / Liquidity

New Capital Rules May Force Philippine Rural Banks to Close

08/06/2022

RBAP president Albert Concha says higher capital requirements proposed by BSP will cause rural bank closures and stunt financial inclusion initiatives.

Fintech / Regtech

OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA

08/06/2022

The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.

ESG / Sustainability

Five Banks Join HKMA-IFC Green Banking Initiative

08/06/2022

BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.

ESG / Sustainability

CFTC Consults on Climate Impacts to Derivatives, Commodities

07/06/2022

The CFTC may use the information collected to inform actions such as the issuance of new or amended guidance, interpretations, policy statements, or regulations.

ESG / Sustainability

TWSE Launches New ESG Disclosure Platform

07/06/2022

Listed companies are required to disclose the relevant information, or explain why they cannot, within six months of the end of each fiscal year.

Securities / Derivatives

LME Hit with Lawsuits Over Nickel Trade Cancellations

07/06/2022

Judicial review claims from Elliott Associates and Jane Street Global Trading challenge LME’s decisions to cancel nickel trades in March.

Securities / Derivatives

ASIC Announces Updated Financial Reporting Rules for AFS Licensees

07/06/2022

AFS licensees’ financial reports must contain disclosures consistent with the financial reports of other for-profit entities, prepared under AASB standards.