Capital / Liquidity

PBOC Concludes First Phase of Climate Risk Stress Tests

27/02/2022

Defaults in the thermal power, steel and cement sectors may increase if companies in those sectors do not shift to low-carbon alternatives.

Securities / Derivatives

BSEC Reduces Minimum Investment Limit for SME Boards

27/02/2022

The BSEC eased the limit in response to requests from merchant bankers. Stock exchanges are directed to provide registration to investors free of cost.

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.