Securities / Derivatives

UK FCA Consults on Regulatory Approach for Overseas Funds

05/12/2023

The new regime will provide a “streamlined process” for overseas funds to market to UK retail customers if the government finds a jurisdiction equivalent.

ESG / Sustainability

CFTC Proposes Standards for Carbon Credit Derivatives

05/12/2023

The guidance adopts standards from the ICVCM’s Core Carbon Principles and introduces quality standards for carbon offsets tied to derivative contracts.

Capital / Liquidity

MAS Proposes Revisions to Capital Framework for AEs & ACHs

05/12/2023

The current capital framework for Approved Exchanges and Approved Clearing Houses may not adequately address liquidity risks, MAS said.

Fintech / Regtech

FSB Finalises Third-Party Risk Management Toolkit

05/12/2023

Tools are provided to help FIs identify critical services and manage third-party risks, and to help regulators supervise such risks.

Fintech / Regtech

HKMA, BOT Launch Cross-border QR Payment Linkage

05/12/2023

Travellers from Thailand and Hong Kong can make retail payments by using their mobile banking apps to scan the Hong Kong and Thai QR codes displayed by merchants.

Crypto / Digital Assets

Cristiano Ronaldo Facing Class Action Over Binance Endorsement

04/12/2023

The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.

ESG / Sustainability

MAS Launches Coalition to Test Carbon Credits for Coal Phase-Out

04/12/2023

Two pilot projects will be undertaken to test the use of transition credits to help finance the early retirement of coal-fired plants.

ESG / Sustainability

Emerging Market FIs to Get ‘Enhanced’ Climate Finance Assistance

04/12/2023

International organisations including the World Bank, IMF, GFANZ and others will provide enhanced capacity building support to financial institutions in EMDEs.

AML / KYC

OCBC Files Suit Against Money Laundering Suspect – Report

04/12/2023

The suspect was among the ten Chinese-born individuals arrested in August for offences including money laundering and forgery.