ESG / Sustainability

JPX Issues Framework for Digitally Tracked Green Bonds

19/04/2022

JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.

AML / KYC

FSA Offers Update on Work to Strengthen Japan’s AML System

17/04/2022

Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.

Fintech / Regtech

BOJ Offers Clues on Path Forward for CBDC Issuance

15/04/2022

The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.

Sri Lanka to Temporarily Stop Servicing Foreign Debt

14/04/2022

The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.

Market Infrastructure

DSB Publishes Draft Legal Documentation for Future UPI Users

12/04/2022

The expected UPI reporting timeline has been revised to late Q4 2023 instead of Q3 2022, which the DSB says will help market participants’ implementation efforts.

AML / KYC

Crypto Firms and Sanctions: Five Tools for Compliance

12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

Securities / Derivatives

CSRC Takes Steps to Boost Confidence in Capital Market

11/04/2022

The CSRC pledged to support companies’ capital raising efforts, encourage asset managers to buy up equities, and encourage listed companies to buy back shares and raise dividends.

Market Infrastructure

Work Advances to Bring RMB-denominated Stocks to Hong Kong

11/04/2022

Hong Kong official Christopher Hui said a feasibility study has been completed and the next step is to engage with mainland regulators and relevant organisations.

Capital / Liquidity

Emerging Market Banks Less Resilient to Shocks: IMF

08/04/2022

The IMF’s Global Bank Stress Test shows that banks can generally absorb large shocks from a capital perspective, though some in emerging markets face greater risks.