Sustainable Finance

BSP Directs Banks to Integrate Environmental, Social Risks

31/10/2021

Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.

Operational Risk

APRA Finalises Expectations on Negative Rate Preparedness

31/10/2021

ADIs have until 31 July 2022 to develop tactical solutions to implement zero and negative market interest rates and cash rate.

Conduct, Culture & Accountability

HKEX Proposes Changes to Rules Governing Share Schemes

31/10/2021

Listed companies will be able to grant no more than 10 percent of their total shares in share award or option schemes.

Anti-Money Laundering

AUSTRAC Asks Banks to Avoid Indiscriminate De-banking Practices

31/10/2021

De-banking activities lead criminal activity underground and compound the risks criminals pose to Australia’s financial system and the community.

Cybersecurity

MAS Advisory Panel Offers Recommendations on Cybersecurity

31/10/2021

The Cyber Security Advisory Panel said security awareness and competency in the blockchain space are “not where they needed to be”.

Payments & Settlements

Malaysia, Thailand Expand Local Currency Settlement Framework

31/10/2021

Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.

Trading & Investment

China to Continue Tax Exemptions for Foreign Bond Investors

31/10/2021

Exemptions from corporate income tax and value-added tax due to expire on 6 November will be extended until 31 December 2025.

Cryptocurrency

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.

Conduct, Culture & Accountability

HKMA, SFC Direct Intermediaries to Improve Client Trade Practices

30/10/2021

Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.