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.

Crypto / Digital Assets

MAS Launches New Transformation Map for Financial Industry

16/09/2022

MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.

Capital / Liquidity

BCBS Advances Work to Ensure Banking System Resilience

15/09/2022

The BCBS agreed to continue assessing bank use of AI/machine learning, finalise a crypto framework by year-end, and develop measures to address climate risks.

Market Infrastructure

Australia Details Issues Under Scrutiny in Central Bank Review

15/09/2022

The review will consider the RBA’s current board structure, governance, and decision-making effectiveness and transparency.

Enforcement

SEBI Probes AIFs Over Non-transparent Practices – Report

15/09/2022

At least 20 alternative investment funds are under scrutiny for practices such as dividend stripping, priority payouts, and opaque valuation policies.