Securities / Derivatives

China Allows Expanded Use of Currency Hedging Tools

26/05/2022

Financial institutions are allowed to offer American-style and Asian-style FX options, in addition to European-style FX options already allowed.

HKMA Publishes Findings from Front Office Incentives Review

26/05/2022

Some incentive systems used in retail banks’ front offices may unintentionally push staff to prioritise business objectives over customer outcomes.

Crypto / Digital Assets

GBBC, GDF Merge to Create 500 Member Association

25/05/2022

The combined influence of GBBC and GDF is expected to help facilitate global collaboration on a robust global framework for crypto assets.

Fintech / Regtech

SET, UOB Join SGX, Temasek as Investors in ADDX

25/05/2022

SET’s move to invest in ADDX reflects a trend towards a “new capital market landscape that emphasises continuity between the public and private markets”.

Fintech / Regtech

Govt Support Needed in AI, Big Data Industry: FTAHK

25/05/2022

Survey respondents said government support is needed to drive education and promote fairness, ethics, accountability and transparency in the industry.

Market Infrastructure

Singapore, Switzerland to Promote Cross-border Data Connectivity

25/05/2022

MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.

ESG / Sustainability

US SEC Fines BNY Mellon Unit for ESG Misstatements

25/05/2022

BNY Mellon Investment Adviser stated in documents that all investments in its funds had undergone an ESG quality review, but that this was not always the case.

Securities / Derivatives

CME to Launch Crypto Reference Rates, Indices in Euro

24/05/2022

New non-tradable EUR-denominated reference rates and real-time indices for Bitcoin and Ether will be published starting 6 June.

Securities / Derivatives

CSRC Revises Rules for Managers of Publicly Offered Funds

24/05/2022

The rules increase emphasis on ethical conduct and governance, loosen licensing restrictions, and allow public fund managers to outsource operations.