Market Infrastructure

ESMA Calls for Greater Use of €STR in Derivatives

02/10/2022

Further develop of €STR products will provide the inputs needed to enable the calculation and provision of €STR term rates, ESMA says.

Enforcement

Enhanced Penalties for Data Breaches Take Effect in Singapore

02/10/2022

Organisations with annual turnover exceeding S$10mn are liable for penalties for data breaches worth up to 10% of annual turnover.

ESG / Sustainability

Singapore Exchange Launches Battery Metal Futures

02/10/2022

Contracts were launched in battery-grade lithium carbonate; lithium hydroxide; cobalt metal; and cobalt hydroxide.

Securities / Derivatives

SWIFT Launching New Service to Reduce Settlement Fails

02/10/2022

The service will use UTIs to enable automated tracking of both sides of the transaction by all market participants involved.

Capital / Liquidity

RBNZ Seeks Feedback on Risk Weighting Requirements

02/10/2022

The proposed changes are designed to clarify risk weighting requirements under the RBNZ’s bank capital adequacy rules.

Crypto / Digital Assets

Korean National Assembly to Question Crypto Execs on Terra

02/10/2022

TerraForm Labs accuses Korean prosecutors of overreach. Luna Foundation Guard money allegedly transferred overseas.

ESG / Sustainability

ISDA Analyses Regulatory Treatment of SLDs in Hong Kong

02/10/2022

The paper considers how SLDs would be classified and regulated, and the compliance issues for market participants to consider when executing SLDs.

AML / KYC

US Sanctions Asia Firms for Facilitating Iranian Oil Sales

01/10/2022

The US designated companies based in China, the UAE, Hong Kong and India. Separately, Canada plans to sanction Iran’s “morality police”.

Market Infrastructure

New Zealand Consults on Regulations to Support CoFi Regime

01/10/2022

Two consultations have been issued, including an exposure draft on regulations defining prohibited volume-based sales incentives.