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.

Capital / Liquidity

EU to Cooperate with Australia & NZ on Bank Resolution Planning

28/03/2023

The cooperation arrangements focus on bank resolution planning and its implementation for banks with cross-border operations.

Fintech / Regtech

SFC Consults on Subsidiary Legislation for Paperless Securities

27/03/2023

The subsidiary legislation covers operational and technical matters and the introduction of a more robust regulatory regime for securities registrars.

Market Infrastructure

Australia Hit by New String of Cyber Attacks

27/03/2023

NGS Super, Crown Resorts and Latitude Financial Services have all disclosed this week that they were subject to cyber attacks.