ESG / Sustainability

CME Group to Launch Nature-Based Emissions Offset Futures

22/06/2021

The N-GEO futures contract will allow for delivery of eligible voluntary offset credits and will be listed by and subject to the rules of NYMEX.

Securities / Derivatives

DBS Becomes First Asian Bank to Obtain LME Membership

22/06/2021

DBS says its LME membership will help clients price and hedge metals trades effectively, and facilitate physical delivery.

Big Picture

NGFS Paper Sets Out Biodiversity Loss Research Agenda

21/06/2021

An NGFS/INSPIRE study group will seek to improve understanding of the link between biodiversity loss and financial stability.

Fintech / Regtech

HKMA to Conduct Industry Stock-take on Fintech Adoption

21/06/2021

All licensed banks with significant operations in Hong Kong must prepare and submit a questionnaire on fintech adoption by 31 December.

Securities / Derivatives

China Tightens Rules on Commodity Price Index Compilers

21/06/2021

The new rules will help to standardise how commodity price indexes are compiled and improve transparency on the release of information.

ESG / Sustainability

New Competency Framework to Take Effect from January: SFC

21/06/2021

Raising professional standards is crucial to maintain quality markets, particularly in view of the rapidly evolving financial landscape, says SFC chief Ashley Alder.

AML / KYC

‘Tranche 1.5’ AML Reforms Take Effect in Australia

20/06/2021

AUSTRAC has issued rules to support the introduction of the reforms, which include measures to streamline customer verification and correspondent banking.

Market Infrastructure

CBIRC Approves First Fully Foreign Owned Money Broker

20/06/2021

Japan’s Ueda Yagi Tanshi will become the first foreign firm to commence currency brokerage business in China under a fully-owned unit.

Market Infrastructure

UK Regulators Support US ‘SOFR First’ Proposal on Interdealer Swaps

17/06/2021

The FCA and BOE encourage liquidity providers to change USD linear swap trading conventions from USD LIBOR to SOFR on 26 July 2021.