ESG / Sustainability

International Bodies Publish New Guidance on Blue-Themed Bonds

07/09/2023

The guidance provides market participants with clear criteria, practices, and examples for “blue bond” lending and issuances.

Market Infrastructure

Australian Parliament Passes Financial Accountability Regime Bill

07/09/2023

The FAR replaces and extends the BEAR by imposing new accountability obligations on insurers, banks, super funds, and their senior executives.

Fintech / Regtech

Grab-Singtel Digital Bank Approved for Launch in Malaysia

07/09/2023

GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.

Crypto / Digital Assets

Korea: Hana Bank, BitGo to Jointly Develop Crypto Custody Business

07/09/2023

Hana Bank says the custody business will help strengthen trust in the domestic digital asset market and reinforce consumer protection.

Fintech / Regtech

RBI Calls on Fintech Industry to Establish Self-Regulatory Body

07/09/2023

The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

Capital / Liquidity

FSB Warns of Financial Stability Risks from ‘Hidden’ NBFI Leverage

07/09/2023

The FSB has identified pockets of high leverage in the NBFI sector and outlines policy implications to address these vulnerabilities.

Fintech / Regtech

SGX Gains Connectivity to FIA Tech’s Trade Data Network 

07/09/2023

The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

Crypto / Digital Assets

UK Completes Discovery Phase of ‘Regulated Liability Network’

06/09/2023

In the next phase, a PoC will continue testing the Regulated Liability Network for consumer domestic payments involving retail CBDC.

Enforcement

Taiwan FSC Suspends Executive for Unlicensed TV Appearances

06/09/2023

Uni-President Investment Consulting was fined and its general manager suspended because she discussed stock analysis on TV without an analyst licence.