Securities / Derivatives

BSEC Tightens Circuit Breaker to Contain Stock Market Loses

01/06/2022

The lower limit was reduced from 5 percent to 2 percent. The upper limit was kept unchanged at 10 percent.

Capital / Liquidity

BCBS Progresses Work on Climate Risk, Crypto Assets

01/06/2022

The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

ESG / Sustainability

German Prosecutors Raid DWS Offices Over ESG Claims

01/06/2022

“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.

Fintech / Regtech

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

ESG / Sustainability

Australasia Investor Group Partners with TNFD on Nature-related Risk

31/05/2022

The partnership will help drive the consideration, input and uptake of the TNFD framework in the Australian and New Zealand markets.

AML / KYC

FATF Re-rates New Zealand for Progress on UBO Transparency

31/05/2022

The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.

AML / KYC

Bangladesh to Introduce Amnesty Scheme for Laundered Money

31/05/2022

The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.

Fintech / Regtech

Thailand Seeks to Become Venture Capital ‘Powerhouse’

31/05/2022

Bangkok is envisioned as a regional hub for innovation-focused investors, with the goal of attracting entrepreneurs and stimulating strategic partnerships globally.

Enforcement

ASIC Files Suit Against ANZ Over ‘Unlawful’ Credit Card Charges

31/05/2022

ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.