Crypto / Digital Assets

Societe Generale Launches EUR Stablecoin on Public Blockchain

21/04/2023

The stablecoin’s legal structure guarantees complete segregation of the collateral assets held to back its value.

ESG / Sustainability

ISCA Issues New SME Guidance on Climate Risk, Green Finance

21/04/2023

ISCA calls on companies to get started on pilot testing their scenario analysis capabilities and offers guidance on accessing green finance.

Securities / Derivatives

Singapore Investors Prepare to Sue Over Credit Suisse AT1 Bond Losses

21/04/2023

Lawyers for Singapore investors are preparing to argue that the Swiss government’s decision to write off Credit Suisse AT1 bonds violated a free trade agreement.

Crypto / Digital Assets

NBA Hall of Famer Shaquille O’Neal Served FTX Lawsuit

21/04/2023

Lawyers have been attempting to serve O’Neal since November 2022 but he reportedly evaded agents hired to serve the documents for months.

Crypto / Digital Assets

US Lawmakers Propose Draft Stablecoin Legislation

21/04/2023

Applications from stablecoin issuers would be “deemed approved” if regulators do not reach a decision within 4.5 months from the application.

AML / KYC

BNM, FICG to Co-host AML/CFT Hackathon in June

21/04/2023

The hackathon will be hosted with regional FIU body FICG to “search for creative solutions to curb financial crimes, particularly scams”.

Enforcement

CSRC Investigating GF Securities for Underwriting Failures

21/04/2023

The investigation is related to a 2018 share issuance for which Hong Kong-listed GF Securities served as an underwriter.

Capital / Liquidity

EU Proposes to Adjust Bank Crisis Management Framework

20/04/2023

The proposal will facilitate the use of deposit guarantee schemes and resolution funds to shield depositors from bearing losses in banking crises.

Market Infrastructure

CFETS Invites Foreign Investors to Apply for Membership

20/04/2023

Foreign institutional and central bank-like investors investing in China’s bond market can apply to become CFETS members and participate in the FX market.