ESG / Sustainability

ASIC Updates Guidance on Climate Risk Disclosures

13/08/2019

The new guidance describes climate change as a “systemic risk that could have a material impact on the future financial position, performance or prospects of entities”.

Securities / Derivatives

TOCOM Electricity Futures Approved for 17 September Launch

13/08/2019

The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.

Crypto / Digital Assets

China Almost Ready to Release Central Bank Digital Currency

13/08/2019

PBOC deputy director for payments Mu Chungchun said the new digital currency and electronic payment system that would not rely entirely on blockchain.

Market Infrastructure

How a Consortium Created an Open Taxonomy for MAS 610

13/08/2019

Recognising the depth of the challenge posed by the new MAS 610 standard, AxiomSL decided that this industry challenge merited an innovative approach.

Market Infrastructure

Thailand, Cambodia to Cooperate on Cross-Border Listings

13/08/2019

Thailand and Cambodia’s securities regulators have agreed on a plan to enable cross-border equity offerings and depositary receipts in a bid to boost the development of the CSX.

Capital / Liquidity

APAC Not Fully Meeting IFRS 9 Disclosure Objective: Moody’s

12/08/2019

Significant variations in reporting practices in some cases do not meet the disclosure objective of IFRS 9, Moody’s says, describing  HSBC Hong Kong and Hang Seng Bank as best in class.

Fintech / Regtech

FSC Korea Set to Authorise First Robo Fund Manager, Shinhan AI

12/08/2019

The FSC has granted approval to Shinhan AI to operate as an investment consulting service, and is expected to soon grant it an asset management licence.

Securities / Derivatives

China Relaxes ‘One Size Fits All’ Margin Financing Rules

12/08/2019

Brokerage firms can set lower thresholds before margin calls need to be initiated, and can accept additional forms of collateral to make up any shortfalls.

Capital / Liquidity

China Intervenes to Support a Third Troubled Bank

12/08/2019

China’s sovereign wealth fund and the Shandong provincial government will invest in Hengfeng Bank, which failed to disclose its financial statements for two straight years.