ESG / Sustainability

Australia Tops ESG Performance Rankings for APAC

21/05/2021

Australia retained its first place spot in the biennial CG Watch report on ESG performance for APAC, ahead of Hong Kong and Singapore, which tied for second.

Securities / Derivatives

Bursa Malaysia Set to Pilot Market Making in Stocks

20/05/2021

Firms can register as stock market makers and carry out market making activities in eligible stocks, helping to improve liquidity and price efficiency of these stocks.

Market Infrastructure

ICMA Publishes ‘Success Criteria’ for Sustainable Finance Taxonomies

20/05/2021

ICMA compares the main features and methodologies of official taxonomies and provides five success criteria for use in benchmarking.

ESG / Sustainability

DBS, SGX, StanChart, Temasek to Launch Carbon Exchange

20/05/2021

‘Climate Impact X’ seeks to address a need for more high-quality carbon credits and promote active cross-border trading of such credits to drive global price transparency.

Market Infrastructure

Japanese FIs Still Have $24tr in LIBOR Exposures – Report

20/05/2021

The December 2020 figure is down only slightly from the $27.5tr of contracts referencing LIBOR 18 months earlier at the end of June 2019.

Market Infrastructure

BSP Tests new RTGS System Ahead of June 2021 Go-Live

20/05/2021

The BSP is testing the new peso RTGS system with banks and other participating institutions to determine readiness for go-live in June 2021.

Securities / Derivatives

US Postpones Investment Ban on ‘Chinese Military Companies’

20/05/2021

The two-week delay is needed to craft a stronger policy to prohibit trades in companies connected to the Chinese military, including to evaluate the companies on the list.

Enforcement

ASIC Fines Macquarie Securities A$126,000 Over Algorithm Failure

19/05/2021

Macquarie Securities was meant to conduct a share buyback for a client via ordinary trading, but the trade went through ASX Centre Point, a dark market.

ESG / Sustainability

Singapore Sustainability Reporting Sees Marked Improvement: SGX

19/05/2021

In a joint review, SGX RegCo and NUS Business School found an overall increase in the depth and understanding of sustainability reporting.