Sustainable Finance

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.

Structural Regulation

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.

Sustainable Finance

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.

Cybersecurity

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.

Anti-Money Laundering

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 Adequacy

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.

Climate Risk

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.

Liquidity Risk

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.

CBDCs

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.