Market Infrastructure

US Unit of China’s ICBC Suffers Ransomware Attack

10/11/2023

The attack disrupted some of ICBC’s systems and left some trades in the US Treasury and equity markets unable to settle.

ESG / Sustainability

NGFS Publishes 4th Iteration of Long-term Climate Scenarios

10/11/2023

The scenarios have been updated to incorporate acute physical risks and provide further insights on how physical risks and transition policies affect the macroeconomy.

Securities / Derivatives

CSRC Asks Brokers to Curb Leverage Bets by Hedge Funds – Report

10/11/2023

The CSRC is concerned that excessive leverage could cause excessive market risks, especially in a volatile stock market environment.

Crypto / Digital Assets

FSC Taiwan Green Lights Cathay Securities STO Launch

10/11/2023

The STO is expected to raise TWD 30 million and commence trading on an STO platform built by Cathay Securities on 12 December.

Securities / Derivatives

SGX Lists Third ETF Under Shenzhen Trading Link

10/11/2023

The new ETF, a collaboration between CGS-CIMB Securities and Fullgoal Asset Management, is the first CSI 1000 ETF listed outside of China.

Fintech / Regtech

PBOC to Establish Fintech Sandbox Links With Hong Kong, Macao

10/11/2023

The “network link-up” will provide a one-stop platform to facilitate cross-border fintech trials and strengthen supervisory cooperation.

Fintech / Regtech

Singapore BNPL Code Enter Next Phase of Implementation

09/11/2023

Six BNPL providers will undergo audits over the next few months and have to become accredited by 31 March 2024.

Capital / Liquidity

EBA Issues Third Batch of MiCA-related Consultations

09/11/2023

The consultations cover transaction reporting, recovery planning, own funds, stress testing, and liquidity requirements for stablecoin issuers.

Hong Kong ICAC Launches Business Sector Integrity Charter

09/11/2023

The Charter encourages companies to establish Integrity Management Systems, appoint an “Ethics Officer”, and commit to implementing integrity policies.