ESG / Sustainability

Environmental Disclosure a Focal Point for Singapore FIs: Study

26/04/2021

Financial institutions in Singapore place significant importance on ESG performance, with a heavy focus on climate considerations.

Enforcement

RBI Restricts Amex, Diners Club for Data Storage Violations

26/04/2021

American Express and Diners Club were found to be non-compliant with the RBI’s 2018 directions requiring payment system data to be stored onshore.

Enforcement

Korea FSS Imposes Light Punishments on Shinhan Execs

26/04/2021

Shinhan Bank’s CEO and Shinhan Financial Group’s Chairman received lighter punishments than expected over the Lime mis-selling scandal.

Enforcement

SG Police Lay More Charges in Nickel Trading Fraud Case

26/04/2021

Ng Yu Zhi allegedly cheated five individuals into paying around S$8.8mn for nonexistent forward contracts purported to be for the sale of nickel to a metals trader.

Crypto / Digital Assets

US House Passes Bill to Foster Innovation in Digital Assets

25/04/2021

The bill will require the SEC and CFTC to establish a digital asset working group to ensure collaboration between regulators and the private sector on digital assets.

Capital / Liquidity

RBI Lifts Bank Dividend Ban, Subject to New Limit

25/04/2021

Banks will be limited to paying only 50% of the amount prescribed in a 2005 circular, which already caps dividends at a 40% payout ratio.

Securities / Derivatives

Chinese Exchanges Receive First Infrastructure REITs Applications

25/04/2021

The applications are from infrastructure REITs managed by Zheshang Securities, Sinolink Securities, AVIC Securities and Bosera Asset Management.

Big Picture

ICMA Explores Role of Repo Market in Sustainable Finance

25/04/2021

A new ICMA paper looks at the intersections between the repo and collateral market and sustainable finance.

Securities / Derivatives

ASX to Introduce Default Management Auctions for ETD in Q3

25/04/2021

ASX consulted last year on the introduction of an auctions framework for exchange-traded derivatives in the event of a futures clearing participant’s default.