ESG / Sustainability

SFC Sets Out Next Steps on Green Transition Agenda

03/08/2022

The agenda focuses on enhancing corporate disclosures, monitoring implementation of existing measures, and advancing work on a carbon market.

AML / KYC

ACCC Chair Calls for Joint Response to Financial Scams

21/07/2022

ACCC chair Gina Cass-Gottlieb says banks have a responsibility to protect customers from investing in scam cryptocurrency schemes.

Market Infrastructure

FSC Korea Launches New Committee to Lead Reform Efforts

21/07/2022

The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.

ESG / Sustainability

China: One Year In, Poor Data Slowing Carbon Market Growth

20/07/2022

China’s Ministry of Ecology and Environment is nevertheless optimistic, saying the carbon market launched last July has achieved positive results.

ESG / Sustainability

Japan FSA Proposes Code of Conduct for ESG Data Providers

20/07/2022

The Code of Conduct offers six principles for ESG evaluation and data providers to adopt, and is open for consultaiton until 5 September.

Fintech / Regtech

HKMA Issues Regtech Guide on Third-Party Risk Management

19/07/2022

The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.

Crypto / Digital Assets

BOK to Commence CDBC Testing with Ten Commercial Banks

18/07/2022

The ten banks including Shinhan Bank and NH Nonghyup Bank will test CBDC remittances and payments between individual users.

Bringing People Back to Hong Kong an ‘Uphill Task’: FSDC Chair

18/07/2022

FSDC chairman Laurence Li said Hong Kong we must not allow any “slippage” in its role as an international financial centre, and as a connector to the mainland.

Fintech / Regtech

BOJ, FSA Advance Work to Coordinate Supervisory Functions

17/07/2022

The FSA and BOJ have started sharing information reported by FIs using common templates and are establishing a new data platform to collect granular data from the industry.