Fraud, Scams & Cybercrime

Singapore Police Lay Second Charge Against Hin Leong Founder

28/09/2020

The second charge is for a forged email that was used alongside an inter-tank transfer certificate to secure more than $56mn in trade financing.

AI Risk & Governance

RegTech Asia 2020: Trends, Review and Outlook

28/09/2020

How has the regtech industry has weathered the Covid-19 storm and provided support to global initiatives designed to keep our economies moving?

Payments & Settlements

PayNow Banks Raise Default Limit for Ad-hoc Transactions

28/09/2020

Customers can enjoy the convenience of making higher value transfers without adding the recipient as a payee, ABS said in a statement.

Climate Risk

New Guidance on Integrating Climate Change in Investment Process

28/09/2020

CFA Institute says 75% of global C-level executives in the investment industry believe climate change is important, but only 40% incorporate it in their investment process.

Trading & Investment

CSRC Approves ZCE Polyester Staple Fiber Futures Contract

28/09/2020

The new contract will provide relevant enterprises open, continuous and transparent price signals and effective risk management tools, the CSRC said.

Sustainable Finance

China Yangtze Power Lists Depositary Receipts in London

28/09/2020

Yangtze Power is the first Chinese issuer to receive LSE’s ‘Green Economy Mark’, which recognises firms that derive at least half of revenues from the green economy.

Trading & Investment

UK Manager Baillie Gifford Sets Up China Fund Unit

28/09/2020

Baillie Gifford has become the latest foreign asset manager to set up a wholly-owned securities investment fund unit in China.

Reporting & Disclosures

SET Launches ESG Development Services for Listed Companies

28/09/2020

The sustainability-related data and services are being provided through SETLink, the SET’s online information disclosure platform.

Structural Regulation

Taiwan FSC Issues New Rules on Domestic OBU Accounts

28/09/2020

About 90,000 of Taiwan’s 130,000 OBU accounts are owned by overseas firms that are actually Taiwanese companies.