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Hong Kong Launches Sustainable Finance Internship Initiative
13/10/2022
A centralised repository has been launched offering information about green and sustainable finance internship openings offered by FIs and other companies.
Enforcement
APRA Orders RACQ to Uplift Risk, Compliance Frameworks
12/10/2022
APRA identified issues with RACQ’s risk and compliance framework and practices, unclear accountabilities, and an “immature risk culture”.
Enforcement
SFC Fines Asset Manager Over European Rule Breaches
12/10/2022
ARCM failed to implement adequate systems and controls to monitor its short position and ensure it was properly reported and disclosed to the public.
ESG / Sustainability
ASIC is Investigating Firms for Possible Greenwashing
12/10/2022
The investigations involve super fund trustees, listed companies and one managed fund. Net-zero claims are a key area facing scrutiny.
Crypto / Digital Assets
Coinbase, Blockchain.com Win In-principle Approval in Singapore
12/10/2022
MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.
ESG / Sustainability
Singapore: SIAS Joins Fight Against Greenwashing
12/10/2022
Chief executive David Gerald said the Securities Investors Association of Singapore working to enhance its guidance for annual reports to combat greenwashing.
Big Picture
IMF Says Global Environment is Fragile, Storm Clouds Brewing
12/10/2022
Up to 29 percent of emerging market banks would breach their capital requirements in a severe global recession.
Market Infrastructure
UK Court Allows Legal Actions Against LME to Proceed
12/10/2022
The LME says the decision to allow the Elliott and Jane Street cases to proceed is “entirely procedural” and “in no way a ruling on the merits” of the claims.
Fintech / Regtech
UK Regulators Launch Discussion Paper on AI Regulation
12/10/2022
The paper considers how current legal and regulatory requirements and guidance apply to the use of AI in UK financial services, and the gaps that may need to be addressed.
India Invites Bidders to Acquire Government Stake in IDBI Bank
12/10/2022
India announced plans to privatise most state-run companies in 2020. A 60.72 percent stake in IDBI Bank is up for grabs.
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