ESG / Sustainability

Korean Banks, Insurers Meet to Discuss Climate Stress Tests

21/09/2022

KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.

Securities / Derivatives

HK Police, FRC Sign MoU on Combatting Commercial Crime

21/09/2022

Collaboration is needed to protect the public interest and maintain financial market integrity, said FRC chairman Kelvin Wong.

ESG / Sustainability

ACCC to Commence Internet Sweep Targeting Greenwashing

21/09/2022

Businesses may be asked to substantiate their green claims. The ACCC may take enforcement action if consumers are being misled or deceived.

Fintech / Regtech

BOT Details Plans to Upgrade Payment Systems

21/09/2022

The plans include the development of PromptBiz, a digital payment infrastructure system for the business sector.

Securities / Derivatives

China to Develop First Indexes of State-owned Enterprises

20/09/2022

The Shanghai Stock Exchange and China Reform Holdings will develop stock indexes of enterprises owned by the government.

Crypto / Digital Assets

UK FCA Issues Warning Against Crypto Exchange FTX

20/09/2022

The FCA said FTX is targeting UK consumers without proper authorisation. FTX believes a scammer is impersonating the company.

Fintech / Regtech

MAS, IFSCA Sign FinTech Cooperation Agreement

20/09/2022

MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.

AML / KYC

US Treasury Seeks Input on Illicit Finance Risks in Crypto

19/09/2022

The RFC calls for input on how to prevent crypto from being used for illicit finance, including through analytics tools and AML/CFT regulations.

Securities / Derivatives

CFTC Issues No-Action Letter to TAIFEX on Swaps Clearing

19/09/2022

The no-action letter will facilitate access for US persons to swaps clearing in Taiwan while TAIFEX’s application for an exemption from DCO registration is pending.