ESG / Sustainability

RBNZ Finalises New Guidance on Managing Climate Risk

26/03/2024

Accounting for consultative feedback, the guidance includes more examples, reduces overlaps with other guidance, and draws more links to existing parts of the prudential regime.

Enforcement

US, UK Announce Sanctions Against China-based Hackers

26/03/2024

A front company allegedly operating for China was sanctioned, along with 2 members of hacking group APT31. DOJ unsealed criminal charges against 7 individuals.

Securities / Derivatives

SGX to Start Disclosing Commodity Positions of Traders in Q3

26/03/2024

SGX will start disclosing commitment of traders reports weekly, initially for iron ore, rubber and freight, to attract more overseas participation in its markets.

Enforcement

ESMA FInes Scope Ratings for Conflict of Interest Breaches

26/03/2024

ESMA said Scope fell short of the requirements under the Credit Rating Agencies Regulation on handling conflicts of interest.

Securities / Derivatives

Bursa Malaysia Announces Listing of First Business Trust

26/03/2024

The business trust listing structure is particularly suitable for capital-intensive infrastructure assets that have stable cash flows.

AML / KYC

HK-based Certizen Technology Becomes LEI Validation Agent

26/03/2024

Certizen Technology’s new status will help to ease and streamline LEI issuance, allow LEI data elements to be embedded in digital certificates, and help promote cross-border trade.

Securities / Derivatives

SGX Proposed to Refine Cap on Clearing Member Liability

25/03/2024

The proposed cap is designed to provide clearing members certainty on their potential exposures when multiple defaults occur.

Fintech / Regtech

BIS Launches New AI & Data Project to Gain Economic Insights

25/03/2024

Project Neo aims to address the loss of effectiveness in decision-making as a result of delays and a lack of detail in official macroeconomic statistics.

Sanctions

Russia Imposes New Sanctions Against 56 Canadian Citizens

25/03/2024

The sanctions target executives of Raytheon, Airbus, Boeing, and Rolls-Royce units in Canada, along with other companies involved in supplying weapons to Ukraine.