ESG / Sustainability

APRA Chair Outlines Initiatives to Financial Sector Risks

03/05/2021

APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.

Fintech / Regtech

China Consults on Revisions to Data Privacy, Data Security Laws

03/05/2021

The latest revisions will impose stricter requirements on internet platforms and restrict Chinese firms from handing data to foreign agencies.

Treasury Announces New Chair, Deputy Chair for ASIC

01/05/2021

The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.

Market Infrastructure

Industry Groups Collaborate to Plan Move to T+1 in US Equities

01/05/2021

SIFMA, ICI and DTCC plan to complete their analysis on the next steps needed to shorten the settlement cycle in US equities by the end of Q3 2021.

ESG / Sustainability

LuxSE Displays First Sustainability Bond from Thailand on LGX

30/04/2021

Thailand opted to list the sustainability bond on the Luxembourg Green Exchange to strengthen access to the international investor community.

Fintech / Regtech

MAS to Explore Options for Connecting m-CBDC Platforms

30/04/2021

MAS is partnering with the BIS Innovation Hub and central banks to design, develop and test new m-CBDC models for cross-border settlement.

ESG / Sustainability

HK Green Banks Alliance Hosts First Roundtable

29/04/2021

HKMA Chief Eddie Yue urged banks to transform into ‘green banks’. HSBC and BOCHK announced plans to expand their green finance business.

Securities / Derivatives

Bank Losses from Archegos Collapse to Exceed $10bn

29/04/2021

New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.

Fintech / Regtech

China: Fintech Giants Pledge to Support Digital Yuan Push

28/04/2021

Ant Group, Tencent, Huawei and JD.com have revealed that they were involved in the development and testing of the digital yuan.