ESG / Sustainability

Philippine SEC Proposes Guidelines for Blue Bond Issuance

17/03/2023

Eligible blue projects aim to directly address sustainable water management and ocean protection and seek to contribute to the development of the blue economy.

Securities / Derivatives

PCAOB Inspectors to Visit Hong Kong Auditors Next Week

17/03/2023

PCAOB inspectors will meet Deloitte and EY next week to prepare for audit inspections that will take place later this year.

ESG / Sustainability

Bursa Carbon Exchange Completes First Carbon Credit Auction

17/03/2023

15 buyers from various industries including banking purchased a total of 150,000 Verra-registered carbon credits in the inaugural auction.

Market Infrastructure

Google Cloud Joins FS-ISAC’s Critical Providers Programme

17/03/2023

The partnership is intended to bolster supply chain security and foster transparency within the financial sector.

AML / KYC

AUSTRAC Accepts Enforceable Undertaking from PayPal

17/03/2023

AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.

Capital / Liquidity

South Korea to Enhance Banks’ Ability to Absorb Losses

17/03/2023

Regulators intend to introduce a new capital buffer system which will be based on banks’ risk management and stress test results.

ESG / Sustainability

IAIS Issues First of Three Consultations on Climate Risk

17/03/2023

The consultations are aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector.

Capital / Liquidity

Credit Suisse to Borrow Over $50b from Central Bank Facilities

17/03/2023

The bank will also repurchase some of its senior debt securities as part of efforts to manage its liability composition and optimise interest expense.

Fintech / Regtech

India, UAE To Collaborate on Building CBDC Bridge

16/03/2023

The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.