Securities / Derivatives

SHFE Launches Trading in Steel Rebar, Silver Options

27/12/2022

Rebar futures were listed as early as 2009, and silver futures in 2012. With the two new options products, SHFE now offers 20 futures varieties and 8 options varieties.

Securities / Derivatives

FSC Korea Unveils Measures to Improve IPO Market

27/12/2022

The measures will enhance the process for setting IPO price bands, prevent fictitious oversubscriptions, and improve price discovery upon listing.

ESG / Sustainability

SEC Thailand to Allow SME to Issue Sustainability Bonds

27/12/2022

Rule changes will allow SMEs and startups to offer sustainability bonds via crowdfunding and private placement channels.

Converting Property Loans to Business Loans is Illegal, CBIRC Warns

27/12/2022

Some “unscrupulous intermediaries” have been advertising and promoting “illegal” loan conversion as a way to reduce interest costs.

ESG / Sustainability

NYDFS Proposes Guidance on Climate Risk Management

27/12/2022

The guidance focuses on corporate governance; internal control framework; risk management process; data aggregation and reporting; and scenario analysis.

Fintech / Regtech

EU Commission Approves Pilot Use Cases for Digital ID Wallet

27/12/2022

The approved pilots cover payments, travel, and business compatibility. The EU Digital Identity Wallet is expected to go live in 2024.

BOE Proposes to Remove Cap on Bankers Bonuses

27/12/2022

Removing the cap will increase the proportion of compensation that can be set by tools such as deferral, payments in instruments, and risk adjustment.

ESG / Sustainability

RBI Official Calls for Structural Changes to Scale Up Green Finance

27/12/2022

Deputy governor M Rajeshwar Rao said a formal definition of green finance and a taxonomy are needed, along with a robust ecosystem for third-party verification and assurance.

Crypto / Digital Assets

Insurers Are Denying Coverage to Crypto Firms Linked to FTX

27/12/2022

When coverage is provided, it is becoming more pricey and contains broad policy exclusions that would deny any FTX-related claims.