ESG / Sustainability

BSP Signs UN-backed Principles for Responsible Investment

22/08/2023

Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.

Market Infrastructure

Indonesia, Singapore Start QR Payment Interconnection Trial

21/08/2023

The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

RBI Unveils New Penal Charges Regime to Promote Fair Lending

21/08/2023

The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.

Crypto / Digital Assets

Australia Sentences Crypto Lender for Falsely Claiming it Had Credit Licence

20/08/2023

Helio Lending entered into a A$15,000 good behaviour recognisance bond for a period of 12 months.

Securities / Derivatives

FSC Korea Revises Accounting Rules to Reduce Burden on Stock Companies

18/08/2023

Requirement for smaller stock companies to undergo an external audit of their accounting control systems postponed for five years.

AML / KYC

NZ DIA Warns Money Remitters on Using Third-Party Accounts

17/08/2023

Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.

Market Infrastructure

Philippines to Implement T+2 Stock Settlement Cycle on 24 Aug

16/08/2023

The move will enhance operational efficiency, reduce risk, and align with overseas markets, said PSE CEO Ramon Monzon.

ESG / Sustainability

US SEC Scrutinising ESG Marketing by Fund Managers – Report

16/08/2023

The SEC’s enforcement division sent document requests to several asset managers seeking information about their ESG strategies and marketing prepositions.

Fintech / Regtech

India Contemplates New Law to Regulate Big Tech

15/08/2023

An MCA-led committee led will this month complete the first draft report on the need for ex-ante regulation for big tech firms via a new law.