ESG / Sustainability

MAS Launches Finance for Net Zero Action Plan

21/04/2023

The action plan includes a code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures.

ESG / Sustainability

Malaysia SC Invites Firms to Review and Improve SRI Taxonomy

21/04/2023

Interested parties are asked to participate in the ongoing development of the SRI Taxonomy and propose ways to align it with the ASEAN Taxonomy.

Crypto / Digital Assets

HK CBDC May Be Developed on Permissioned Blockchain

21/04/2023

The HKMA has asked banks to “review and research and then propose” an implementation approach for the e-HKD.

AML / KYC

Australia Opens Consultation on ‘Tranche 2’ AML Reforms

21/04/2023

The proposed reforms will extend the AML/CTF regime to lawyers, accountants, trust and company service providers, real estate agents, and dealers in precious metals and stones.

Crypto / Digital Assets

Crypto Exchange Luno to Close Singapore Operations in June

21/04/2023

Luno, which received in-principle approval from MAS last year, has decided to stop serving users in Singapore.

BNM Issues New Rules for Hiring Insurance, Takaful Agents

18/04/2023

BNM is working with industry associations to develop a centralised database of agents to ease the due diligence and reference-checking requirements.

India, Russia in Advanced Talks on Trade Treaty

18/04/2023

The RBI is also engaged in discussions with several other countries on the possibility of conducting trade in the rupee.

Australia Consults on Super Fund Financial Reporting Requirements

13/04/2023

New financial reporting and auditing requirements for super funds will be consistent with those that apply to public companies and registered schemes.

BSP Issues New Rules on Handling Financial Complaints

13/04/2023

The new rules take effect on 1 May, requiring all regulated FIs to have a complaint handling mechanism and effectively handle consumer disputes.