Sanctions

South Korea Sanctions Former Citizen for Over DRPK Deals

29/06/2023

Choi Chon Gon and a North Korean accomplice set up business entities to bypass UN Security Council resolutions against North Korea.

Market Infrastructure

Refinitiv Consults on Features of Term €STR Rate

29/06/2023

Following the consultation and pending necessary approvals, Refinitiv intends to transition the prototype rate into a regulated production rate.

ESG / Sustainability

MAS Issues Consultation to Include Coal Phaseout in Taxonomy

28/06/2023

MAS decided to issue a fourth consultation to include criteria for coal phaseout projects in the Singapore-Asia Taxonomy.

Sanctions

OFAC, OFSI Issue Sanctions Guidance on Humanitarian Assistance

28/06/2023

The guidance provides clarity on authorisations available for humanitarian, agricultural and medical support provided to regions impacted by Russia’s war in Ukraine.

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.