Anti-Money Laundering

Korean Officials Seize Cryptocurrency from Tax Evaders

23/06/2021

Investigators had to compare tax evaders’ mobile phone numbers against those registered at crypto exchanges in order to track down their account details.

Resolution & Recovery

Korean Cabinet Approves Rules on SIFI Resolution Plans

23/06/2021

SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.

Trading & Investment

Shanghai, Shenzhen List First Infrastructure REITs for Trading

23/06/2021

All nine REITs opened higher on their first day of trading, highlighting enthusiasm from investors for the new type of equity securities.

Sustainable Finance

GFMA, BCG Publish Principles for Climate Finance Taxonomies

23/06/2021

The principles are based on a broader definition of climate finance which goes beyond debt instruments and captures equity financing and working capital.

Tokenisation

DBS Launches Automated Digital Bond Issuance Platform

23/06/2021

FIX Marketplace enables issuers to digitalise their bonds for direct issuance in the market, while allowing for direct interaction with investors.

Conduct, Culture & Accountability

HKMA Notifies Banks of Enhanced Competency Framework

22/06/2021

Banks are asked to review and assess the impact of the SFC’s revised framework and take action to ensure compliance.

Nature & Biodiversity

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.

Trading & Investment

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.

Nature & Biodiversity

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.