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Enforcement
FSS Instructs BNK Kyongnam Bank to Compensate Lime Investors
17/11/2022
The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.
Big Picture
“No Simple Fix” for Corporate Bond Liquidity Issues: IOSCO
17/11/2022
IOSCO published feedback received from a review of ways to improve the functioning of and liquidity in corporate bond markets under stress.
ESG / Sustainability
Bursa Malaysia, Companies Commission Offer Boost to SMEs
17/11/2022
The collaboration includes exploring opportunities to support digital economy growth, facilitating data sharing between businesses, and advancing the ESG agenda.
Fintech / Regtech
ISLA Launches Working Group to Digitise the GMSLA
17/11/2022
The working group will initially focus on encoding the business outcomes from the ISLA Clause Library & Taxonomy into the Common Domain Model.
Crypto / Digital Assets
NYIC, US Banks Launch PoC to Test Digital Money Platform
17/11/2022
Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.
Market Infrastructure
IBA Confirms Plans for Cessation of USD LIBOR ICE Swap Rate
17/11/2022
Publication of USD LIBOR ICE Swap Rate “runs” for all tenors will cease immediately after the rates are published on 30 June 2023.
Fintech / Regtech
SEBI Issues New Rules for Operators of Online Bond Platforms
17/11/2022
Online bond platform providers must have a stockbroker registration certificate from SEBI and be registered with the stock exchange.
Crypto / Digital Assets
Korea FSS to Issue Accounting Guidelines for Crypto Firms
17/11/2022
The current accounting system in Korea does not provide options for companies dealing in crypto.
ESG / Sustainability
Alternative Credit Managers Launch ESG Disclosure Tool
17/11/2022
The ESG Integrated Disclosure Project template provides private companies and credit investors a standard format for ESG-related disclosures.
Fintech / Regtech
New Zealand Confirms Plans to Roll-out Out Open Banking
16/11/2022
The banking industry will be the first sector in New Zealand to implement a Consumer Data Right mechanism, like in Australia.
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