Securities / Derivatives

Philippines Launches Dollar-Peso Cross Currency Swap Market

28/06/2023

Dollar-peso cross currency swaps involve a Philippines peso fixed rate and a SOFR-based US dollar floating swap.

ESG / Sustainability

MAS Proposes Industry Code for ESG Data Providers

28/06/2023

The code establishes industry standards of transparency in methodologies and data sources, governance, and conflicts of interest management.

Capital / Liquidity

Korea Considers Increasing Deposit Insurance Limit

28/06/2023

FIs are opposed to the move as it would raise the premium rates they pay for deposit insurance. Regulators say the impact should be “carefully examined”.

Crypto / Digital Assets

US Supreme Court Rules in First Crypto-related Case

28/06/2023

The ruling will halt class-action lawsuits against Coinbase in two California cases, and move both cases into arbitration.

Crypto / Digital Assets

HSBC Starts Offering Customers Access to Crypto ETFs

27/06/2023

HSBC is allowing Hong Kong customers to buy and sell Bitcoin and Ether based ETFs listed on the local stock market.

Capital / Liquidity

IAIS Launches Final Consultation on New Insurance Capital Standard

26/06/2023

The IAIS issued its fourth and final public consultation on the ICS ahead of its planned adoption at the end of 2024.

ESG / Sustainability

Global Leaders Call for Immediate Action on VCM Standards

26/06/2023

Coalescing around standards being developed by ICVCM and VCMI was deemed essential for the efficient operation of VCMs.

Market Infrastructure

SEBI to Introduce ‘UPI Block Facility’ for Equity Trading

26/06/2023

The facility allows investors to use blocked funds in their bank accounts for trading, instead of transferring them to the stock broker upfront.

AML / KYC

UK Banks to Pilot AML Data Sharing from October – Report

26/06/2023

One pilot will allow banks to share data if they suspect financial crime. Another pilot will involve the launch of a database for suspected economic crime.