Sustainable Finance

Indonesia Becomes First Asian Sovereign to Sell Blue Bond

22/05/2023

Indonesia sold a JPY 104.8 billion blue bond with four-tranches, less than two years after establishing a framework to do so.

Conduct, Culture & Accountability

ACSI Updates Voting Policy to Promote Gender Balance on Boards

22/05/2023

The policy means ASX300 companies could face recommendations ‘against’ male director re-elections if women do not occupy a minimum of 30% of board seats.

Trading & Investment

SEBI Introduces New Risk Disclosure Rules for Equity Derivatives

22/05/2023

The new rules are a response to findings that that 9 out of 10 individual traders in the equity F&O segment experience net losses.

Structural Regulation

SFC Consults on Revisions to Takeovers and Share Buy-back Rules

21/05/2023

This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.

Capital Adequacy

APRA Updates Capital Requirements for PPF Providers

21/05/2023

The changes will align APRA’s capital requirements for purchased payment facility providers more closely with its capital framework for other regulated firms.

Cryptocurrency

NYAG Fines Crypto Wallet Provider for Misleading Investors

21/05/2023

Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.

Supervision & Enforcement

Court Penalises AMP for Charging Fees to Deceased Customers

21/05/2023

ASIC said AMP charged insurance premiums and advice fees to more than 2,000 customers despite being notified that they were deceased.

Trading & Investment

HKEX Announces Launch Date for HKD-RMB Dual Counter Model

21/05/2023

The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.

Model Risk

WFE Highlights Challenges of Measuring CCP Margin Procyclicality

20/05/2023

The significant uncertainty in measurements means procyclicality mitigation tools can be miscalibrated, inefficient, or detrimental.