PEPs & 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 Data & Technology

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.

Reporting & Disclosures

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.

PEPs & 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.

Trading & Investment

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 Data

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.

Emerging Prudential Risks

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”.

Cryptocurrency

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.

Cryptocurrency

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.