ESG / Sustainability

Thailand Consults on ‘Pilot Version’ of Sustainable Finance Taxonomy

02/01/2023

Like the ASEAN Taxonomy, the Thailand Taxonomy uses a traffic light system. The objectives of the taxonomy largely draw from the EU taxonomy.

HK Regulators Identify Issues in Sales of Tax-deductible Products

28/12/2022

Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.

Securities / Derivatives

Korean Brokers Put on Notice for Selling, Lending Practices

28/12/2022

The concerns relate to self-issued equity and derivative-linked bonds sold by securities firms, and the offering of high interest credit loans to investors.

Sanctions

Russia, Iran Spend Billions on New Trade Route – Report

28/12/2022

Russia and Iran are investing an estimated USD 25 billion in the new 3,000 km trade route. The existing route is 14,000 km long.

Crypto / Digital Assets

Bank of Canada Papers Shine Spotlight on Stablecoins

27/12/2022

The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.

Crypto / Digital Assets

FINRA Issues Additional Guidance on Ransomware Risk

22/12/2022

Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.

Big Picture

HKIMR Report Explores Challenges of Climate Risk Measurement

22/12/2022

The report introduces a data management framework and a model risk management framework to help FIs manage climate-related data and model risks.

Enforcement

ASIC Files Suit Against Finder Wallet Over Crypto-related Product

20/12/2022

Finder Wallet offered a crypto-related product that paid customers a return for use of their funds, like a debenture, ASIC says.

Securities / Derivatives

APRA Heatmap Identifies 15 Poorly-Performing MySuper Products

19/12/2022

An estimated 8.1 million MySuper members benefitted from a drop in total fees and costs since last year’s heatmap was published.