Crypto / Digital Assets

StanChart to Launch Digital Asset Custody Services from Dubai

13/05/2023

The UAE has a “well-balanced approach” to digital assets, making it an “ideal first market” for the launch, said CEO Bill Winters.

Market Infrastructure

PCAOB Publishes Findings from Audit Inspections of Chinese Firms

12/05/2023

The PCAOB said it found an “unacceptable rate” of deficiencies in the KPMG and PwC audits of US listed Chinese companies it reviewed last year.

Securities / Derivatives

SEBI Allows FPIs Direct Access to Commodity Derivatives Market

12/05/2023

Direct access will enable FPIs to have direct control over orders and implement better hedging and arbitrage strategies, SEBI said.

Crypto / Digital Assets

BIS Innovation Hub Publishes Guidance on Offline CBDC Payments

12/05/2023

The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.

ESG / Sustainability

ISSB Consults on International Applicability of SASB Standards

12/05/2023

The ISSB is consulting on a proposed methodology for improving the international applicability of the SASB Standards and removing regional bias.

Market Infrastructure

HKEX May Allow Market to Remain Open During Typhoons

12/05/2023

A working group from HKEX and the HKMA is reportedly drafting a plan to allow trading to continue as normal during typhoons and rainstorms.

ESG / Sustainability

Bursa Malaysia, Mah Sing, Alliance Bank to Collaborate on ESG

12/05/2023

Alliance Bank will offer Mah Sing Group’s suppliers, contractors, and consultants incentives to reward them for improving their carbon footprint.

Enforcement

HSBC, Scotia Fined for Use of Unapproved Messaging Tools

12/05/2023

Employees, including those at senior levels and in compliance roles, used unapproved messaging tools to engage in business-related communications.

Market Infrastructure

China to Appoint Veteran Banker to Head New Super-Regulator

12/05/2023

Li Yunze will head the NFRA (National Financial Regulatory Administration) as part of a broader restructuring of China’s financial regulatory regime.