ESG / Sustainability

APRA Unveils Results of Big Bank Climate Vulnerability Assessments

01/12/2022

The CVA results suggest that climate risk impacts and bank loan losses are likely to be concentrated in specific regions and industries.

ESG / Sustainability

Climate Disclosures to be Mandatory for Taiwan FIs in 2024

30/11/2022

FIs will have to disclose climate-related information in annual reports and public offering documents for securities issuance.

Enforcement

Australian Court Dismisses ASIC Proceedings for CBA Overcharging

30/11/2022

CBA’s terms and conditions acknowledged that sometimes the bank ‘can get things wrong, and when this happens’ it is ‘determined to make them right again’.

HSBC to Sell Canadian Unit to RBC for $10b

30/11/2022

The deal is expected to complete in late 2023. HSBC said its group strategy remains unchanged.

Crypto / Digital Assets

More Than 500 Banks Have Now Adopted ‘Swift Go’

30/11/2022

Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.

AML / KYC

GLEIF Enables LEI Mapping for S&P Global Company IDs

30/11/2022

GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.

Securities / Derivatives

Korea to Limit Cross-shareholdings by Insurers in Affiliates

30/11/2022

Proposed bill targets Samsung Life Insurance, which controls a significant portion of the issued shares in Samsung Electronics.

Crypto / Digital Assets

Lawmakers Propose Bill to Prevent FTX-Style Collapse in Korea

30/11/2022

The bill, if passed, will require crypto exchanges to segregate users’ assets, buy insurance against hacking, and compensate users for unexpected withdrawal halts.

Capital / Liquidity

PBOC Calls on Chinese D-SIBs to Improve TLAC

30/11/2022

The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.