Anti-Bribery & Corruption

Top Prosecutor Arrests Former China Merchants Bank President

29/10/2022

The arrest followed the completion of an investigation into allegations of bribery, abuse of power, and trading on nonpublic information.

Reporting & Disclosures

ASIC Issues First Penalty Over Greenwashing Concerns

29/10/2022

ASIC said Tlou Energy made “false or misleading sustainability-related statements” in materials filed with ASX about its energy production.

Reporting & Disclosures

Singapore to Host Platform to Unify Carbon Market Registry Data

29/10/2022

Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.

Structural Regulation

China Proposes Rules to Improve Disclosures by Accounting Firms

29/10/2022

The rules are aimed at helping market entities understand the professional competence of individual firms so they can choose their auditor.

Anti-Money Laundering

Wolfsberg Group Updates Guidance on Correspondent Banking

28/10/2022

The updated Financial Crime Principles for Correspondent Banking includes guidance on what respondent banks may face when seeking a correspondent banking relationship.

Payments & Settlements

SWIFT Defers ISO 20022 Migration to March 2023

28/10/2022

The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.

Trading & Investment

HKEX Suspends VCM on HSI Futures Due to Software Issue

28/10/2022

An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.

Climate Risk

SGX to Launch Futures Based on MSCI Climate Action Indexes

28/10/2022

Futures contracts based on MSCI’s new Climate Action Indexes will help investors reduce the carbon footprint of their portfolios and drive investment into climate transition efforts.

Credit Risk

HKMA Streamlines Requirements on Use of Tech in Lending

28/10/2022

The streamlined requirements will help lenders accelerate the adoption of advanced data analytics in credit underwriting.