CBIRC Expands Private Endowment Insurance Trial Nationwide

25/02/2022

The expansion will allow all pension insurers in China to participate in the scheme. So far only six insurers have participated in two pilot areas.

Fintech / Regtech

ICE Makes ‘Strategic Investment’ in Digital Securities Platform tZero

24/02/2022

tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.

AML / KYC

Ex-Goldman Exec Alleges BNM Was Involved in 1MDB Graft

24/02/2022

Tim Leissner said BNM approved a USD 1 billion overnight transfer out of 1MDB but that he could not independently verify whether a bribe was paid.

Enforcement

MAS Bans Former OCBC Representative for Five Years

24/02/2022

The former representative was convicted of forgery in the State Courts last year, leading MAS to believe she would not perform financial advisory services honestly.

ESG / Sustainability

HK FRC Establishes Sustainability & Climate Action Task Force

24/02/2022

The task force will provide high level recommendations on strategic actions the FRC should consider to promote sustainability reporting in Hong Kong.

Fintech / Regtech

KB Asset Management Unveils Plans to Launch Crypto Funds

24/02/2022

KB Asset Management is working towards launching a crypto ETF, a crypto-themed equity fund, and potentially a hybrid fund that includes crypto exposure.

Market Infrastructure

ANNA Confirms Timeline for Implementing Revised ISIN Standard

24/02/2022

A highlight of the revised ISO 6166 ISIN standard is the formal inclusion of LEI, CFI and FISN as part of the minimum data record.

Securities / Derivatives

SET Revises Rules to Encourage Listings by Foreign Firms

24/02/2022

Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.

Malaysia Announces New Programme to Boost MSME Funding

23/02/2022

Prime Minister Datuk Seri Ismail Sabri Yaakob said the programme include direct loans, financing guarantees and equity injections.