ESG / Sustainability

ASIC Urges Corporates to Start Preparing to Adopt ISSB Standards

15/06/2023

ASIC chair Joe Longo said the Treasury will publish plans for adopting the ISSB standards in Australia in the next two weeks.

RBI Expands Scope of TReDS to Facilitate Access to Financing

14/06/2023

TReDs platforms, which enable MSMEs to obtain financing for trade receivables, will have a larger pool of financiers as well as an insurance facility.

Capital / Liquidity

MAS Finalises Implementation Timelines for Basel III Reforms

13/06/2023

All the reforms will be effective in Singapore from 1 July 2024, except the revised market risk framework and CVA standards. The output floor will be phased in over five years.

ESG / Sustainability

JPMorgan Sets Out Core Principles for Carbon Markets

13/06/2023

JPMorgan has come up with a set of principles to address the current lack of trust in some existing carbon credits.

ESG / Sustainability

WFE Declares Milestone Achievement on Sustainability

12/06/2023

For the first time, every exchange surveyed by WFE participated in at least one ESG initiative and engaged in at least one WFE Sustainability Principle.

Big Picture

Critical Sustainability Reporting Gaps Remain for APAC Firms: Study

11/06/2023

A study by PwC Singapore and NUS Business School found that only 51 percent of the top listed companies in 14 APAC markets disclose net-zero targets.

ESG / Sustainability

MAS Calls on Banks to ‘Carefully Assess’ Client Transition Plans

09/06/2023

MAS will issue a consultation on transition planning later this year. A new association will be formed to foster a dynamic ecosystem for green and transition finance.

ESG / Sustainability

Climate Impact X Launches Spot Trading Platform for Carbon Credits

08/06/2023

**CIX told Regulation Asia that it is seeking alignment with IOSCO’s principles for commodity price benchmarks – a detailed set of guidelines relating to governance and control systems.
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Crypto / Digital Assets

MAS Grants Major Payment Institution Licence to Circle

07/06/2023

Circle said receiving the licence is a “significant step forward” for the firm and the future of financial infrastructure and dollar digital currencies in Asia.