Tokenisation

FSTB, SFC Declare Support for STO Business in Hong Kong

19/09/2022

The SFC’s Elizabeth Wong said firms that are interested in STOs are encouraged to discuss their proposals with the regulator’s Fintech unit.

Capital Adequacy

Basel III to Have Muted Capital Impact in APAC: Fitch

19/09/2022

The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.

Cybersecurity

CyberSecurity Malaysia, MX Global Partner on Digital Assets

19/09/2022

The collaboration includes research and development, joint solution development, and cyber risk training and awareness programmes.

Sustainable Finance

Taipei Exchange Lists First Two Sustainability-linked Bonds

19/09/2022

Taiwanese conglomerate Far East New Century and chemicals company Chi Mei Corp issued TPEx’s first two sustainability-linked bonds on Wednesday.

Structural Regulation

BNM Approves UOB Acquisition of Citi’s Malaysia Business

19/09/2022

UOB subsidiaries reached agreements in January to acquire Citigroup’s consumer banking businesses in Malaysia, Indonesia, Thailand and Vietnam.

Anti-Bribery & Corruption

Bank of East Asia Exec Detained in China for Taking Bribes

19/09/2022

The executive is accused of breaching credit rules and issuing loans in exchange for bribes. It is uncommon for executives of overseas banks to be detained in China.

Trading & Investment

Rosneft Becomes Third Russian Firm to Issue CNY Bonds

19/09/2022

The Rosneft deal marks the biggest bond sale ever by a Russian business. RUSAL  and gold producer Polyus also recently issued yuan-dominated bonds.

Fraud, Scams & Cybercrime

Taiwan to Hold Directors Responsible for Fund Manager Fraud

19/09/2022

The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.

Payments & Settlements

Bangladesh Allows Banks to Maintain Nostro Accounts in CNY

19/09/2022

The move will reduce Bangladesh’s reliance on the US dollar in foreign trade transactions and save costs for businesses.