Securities / Derivatives

SFC Cites Conduct, Technology and Climate as Key Priorities

23/06/2022

The SFC’s latest annual report highlights work to enhance book building and placing practices, regulate fund trustees and custodians, and enhance climate disclosure for fund investors.

ESG / Sustainability

HKMA Asks Banks to Apply Basel Climate Risk Guidance

22/06/2022

The HKMA will assess the need to align its supervisory framework with BCBS Principles for managing and supervising climate-related financial risks.

Crypto / Digital Assets

BISIH London to Develop API Prototypes for Retail CBDC

22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.

FMA Set Out Plan for Identifying Cases of Auditor Misconduct

22/06/2022

The FMA will perform audit quality reviews every two years for the big 4 audit firms and once every three years for the other registered audit firms.

Fintech / Regtech

NPCI, Lyra Network Sign MOU to Allow UPI Payments in France

22/06/2022

The MOU will allow Indians to make payments in France using UPI and Rupay cards at terminals and ATMs provided by Lyra Networks.

ESG / Sustainability

ACRA, SGX to Develop Sustainability Reporting Roadmap

22/06/2022

New advisory committee to develop roadmap for wider implementation of sustainability reporting in Singapore, beyond SGX-listed companies.

Market Infrastructure

FIX Attains ISO Standardisation for Two Standards

22/06/2022

Participants will benefit from higher quality standards documents, which will lead to improved interoperability between implementations.

AML / KYC

Myanmar Considers Joining SPFS, Russia’s SWIFT Alternative

21/06/2022

Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.

Enforcement

Australian Court Sentences CFD Trader for Insider Trading

21/06/2022

The CFD trader made AUD 343,000 in profit by trading on inside information regarding a takeover bid for PanAust Limited.