Fintech / Regtech

Australia Confirms Plans to Regulate BNPL as Credit Products

23/05/2023

BNPL providers will be required to hold Australian Credit Licences and comply with Responsible Lending Obligations, among other requirements.

Fintech / Regtech

MAS Launches AI & Data Analytics Talent Development Programme

23/05/2023

MAS will work with the IBF, educational institutions and training providers to develop and co-curate training programmes to address a shortage of AIDA talent.

Market Infrastructure

Singapore, Shanghai Exchanges Sign MoU to Link ETF Markets

23/05/2023

A similar MoU was signed between SGX and SZSE in December 2021 which has led to three cross-market ETF listings.

Market Infrastructure

LCH SwapClear Completes USD LIBOR to SOFR Conversion

23/05/2023

In aggregate, LCH SwapClear has successfully converted approximately 600,000 USD LIBOR contracts with notional value of $45tr.

ESG / Sustainability

Indonesia Becomes First Asian Sovereign to Sell Blue Bond

22/05/2023

Indonesia sold a JPY 104.8 billion blue bond with four-tranches, less than two years after establishing a framework to do so.

ESG / Sustainability

ACSI Updates Voting Policy to Promote Gender Balance on Boards

22/05/2023

The policy means ASX300 companies could face recommendations ‘against’ male director re-elections if women do not occupy a minimum of 30% of board seats.

Securities / Derivatives

SEBI Introduces New Risk Disclosure Rules for Equity Derivatives

22/05/2023

The new rules are a response to findings that that 9 out of 10 individual traders in the equity F&O segment experience net losses.

Securities / Derivatives

SFC Consults on Revisions to Takeovers and Share Buy-back Rules

21/05/2023

This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.

Capital / Liquidity

APRA Updates Capital Requirements for PPF Providers

21/05/2023

The changes will align APRA’s capital requirements for purchased payment facility providers more closely with its capital framework for other regulated firms.