Securities / Derivatives

Taiwan FSC Unveils Plans to Develop ESG Focused Industry Culture

09/03/2022

Investment firms will have to take ESG and climate considerations into account in investment decisions – even for non-ESG-themed fund products and proprietary trades.

Market Infrastructure

BOJ Forms Cross-Industry Forum on Interest Rate Benchmarks

09/03/2022

The Forum will facilitate discussions on efforts to enhance the reliability of JPY interest rate benchmarks and practical issues related to the choice and usage of those benchmarks.

AML / KYC

Australia Sanctions More Russians Over Disinformation Campaign

08/03/2022

Australia’s sovereign wealth fund, Future Fund, is reportedly trying to divest AUD 200 million of holdings in Russian companies.

ESG / Sustainability

Cambodia Launches New Code of Conduct for Banking & Finance

08/03/2022

Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.

Fintech / Regtech

ASIC Reverses Plans to Extend ePayment Protections to Small Business

08/03/2022

ASIC will publish an updated ePayments Code in April, enhancing some consumer protections and extending those protections to payments made using the NPP.

Enforcement

Philippine SEC Strengthens Director Disqualification Rules

08/03/2022

The rules set out the conditions under which the SEC can disqualify and remove a director, trustee, or officer of a company.

AML / KYC

Japan to Freeze More Russian Assets, Block More Exports

08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

Market Infrastructure

China to Establish Financial Stability Fund to Defuse Risk

08/03/2022

Premier Li Keqiang said at the NPC’s annual meeting that the government will also adopt measures to keep housing prices stable and strengthen financial regulation.

AML / KYC

S. Korea Imposes Additional Sanctions Against Russia

08/03/2022

The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.