Alibaba to Split Into Six Independent Business Units

28/03/2023

Under a holding company structure, each unit will have its own board of directors, operate with autonomy, and raise funds independently including through spin-offs and IPOs.

ESG / Sustainability

Assurance Standards for Sustainability Reporting On Their Way

28/03/2023

IOSCO calls on issuers, assurance providers and other stakeholders to engage in the development of assurance and ethics standards for sustainability reporting.

ESG / Sustainability

AFMA Updates Environmental Products Conventions

28/03/2023

AFMA revised its environmental products conventions to align with other conventions and clarify their non-mandatory nature.

Crypto / Digital Assets

Mainland Banks Offer Services to Hong Kong Crypto Firms

28/03/2023

Mainland Chinese banks have reportedly started offering banking services to crypto firms in Hong Kong, which is seeking to become a major digital assets hub.

Securities / Derivatives

SET, SSE Start Displaying Each Other’s Index Quotes

28/03/2023

The initiative is the first collaboration by the Shanghai Stock Exchange with an ASEAN exchange in the field of indices.

ESG / Sustainability

Version 2 of ASEAN Sustainable Finance Taxonomy Released

28/03/2023

Version 2 highlights the importance of social aspects, expands the DNSH criteria, and recognises efforts to retire coal plants early.

Market Infrastructure

Get Ready for Final LIBOR Switch, says ISDA Chief

28/03/2023

The final switch to ARRs for the remaining USD LIBOR-linked contracts will entail “an extra level of complexity”, says Scott O’Malia.

ESG / Sustainability

Bursa Malaysia Extends Waqf Framework to REITs, ETFs

28/03/2023

Listing rule amendments enhance the post-listing disclosure framework for Islamic REITs and ETFs to provide transparency on the waqf arrangement.

AML / KYC

CFTC Alleges Binance is Operating in the US Illegally

28/03/2023

The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.