Securities / Derivatives

BSP Amends Rules for Unit Investment Trust Funds

17/09/2022

Trust entities seeking to create certain types of unit investment trust funds for the first time will be required to secure BSP approval.

Australia: FPA Adopts Simplified Professional Conduct Code

17/09/2022

A key element underpinning the new FPA Code is that members’ actions should promote a culture that “supports and requires integrity in others”.

Capital / Liquidity

Vietnam: SBV Grants Banks Additional Credit Growth Quotas

17/09/2022

Vietcombank and Agribank were among those granted higher credit growth rate quotas, amid growing calls for the mechanism to be scrapped altogether.

Capital / Liquidity

APRA Proposes to Update Guidance on Contingent Liquidity

17/09/2022

APRA will reduce the level of self-securitised assets banks must hold as contingent liquidity, provided they can increase these levels quickly if stress conditions emerge.

Fintech / Regtech

StanChart’s Singapore Digital Bank Reaches Key Milestone

16/09/2022

Trust Bank has been offering new accountholders a chance to win one of three Tesla cars, where referrals increase the chances of winning.

ESG / Sustainability

Work Begins on Assurance Standards for Sustainability Reporting

16/09/2022

IOSCO welcomes work by the IAASB and IESBA to develop assurance and ethics standards for sustainability-related corporate reporting.

Market Infrastructure

SBI to Facilitate Rupee Mechanism for Exports to Russia

16/09/2022

Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.

Securities / Derivatives

PwC, KPMG Ready to Host PCAOB Audit Inspections – Report

16/09/2022

PCAOB inspectors are expected to arrive in Hong Kong soon, but will have to serve three days in hotel quarantine before beginning work at PwC and KPMG’s Hong Kong offices.

Securities / Derivatives

Bursa Malaysia Set to Launch Enhanced Gold Futures Contract

16/09/2022

The enhanced contract will provide investors exposure to gold at standard global prices without the need for currency conversion.