Crypto / Digital Assets

Korean Banks Seek Regulatory Easing to Enter Crypto Market

21/07/2022

Korean banks have reportedly asked the FSC to ease regulations and issue licenses allowing them to operate digital asset businesses.

HKMA Extends Repayment Deferments for Trade Facilities

21/07/2022

Significant uncertainty lies ahead for import and export businesses, the HKMA said. The scheme will fully expire at the end of October.

Myanmar Central Bank Orders Halt to Foreign Debt Payments

21/07/2022

An exemption from requirements to convert FX into the kyat has also been reversed for companies with foreign minority ownership.

Capital / Liquidity

APRA Finalises New Standards on Super Fund Investment Governance

21/07/2022

The new standard will commence on 1 January 2023. APRA will consult on additional guidance later this year, also covering ESG risks.

ESG / Sustainability

FMSB Publishes Spotlight Review on ESG Ratings

21/07/2022

The review seeks to help support increased transparency around collection processes and methodologies as a means of facilitating comparability of ESG ratings.

Enforcement

ASIC Imposes Eight Year Bans Over Pressure Selling of CFDs

21/07/2022

Two executives have been banned for eight years after their firm engaged in “unconscionable conduct” including the use of pressure selling tactics.

Crypto / Digital Assets

Fraud Risk: An Industry Priority for the Crypto Space

20/07/2022

Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.

Market Infrastructure

Singapore Finalises Key Settings of MAS Recommended Rate

20/07/2022

The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.

OJK Indonesia Strengthens Regulations on Market Conduct

20/07/2022

The regulation focuses on ensuring consumers are provided information about financial products and services in a clear, accurate, correct, and easily accessible manner.