Crypto / Digital Assets

ADDX to Recognise Crypto Assets for Investor Onboarding

14/06/2022

ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.

Enforcement

SFC Proposes SFO Revisions to Improve Enforcement Tools

13/06/2022

The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

Capital / Liquidity

CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA

08/06/2022

The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.

Fintech / Regtech

BNM Issues Draft Guidance on Managing Cloud Risks

05/06/2022

The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.

Fintech / Regtech

HKMA to Consult on BNPL Protections in ‘Coming Months’

04/06/2022

Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.

Capital / Liquidity

RBNZ to End Bank Dividend Restrictions on 1 July

02/06/2022

The RBNZ expects banks to continue to be prudent in determining the appropriate size of dividends paid to their shareholders.

ESG / Sustainability

NGFS Work Programme Moves from ‘Awareness to Action’

02/06/2022

Chair Ravi Menon described the next phase of the NGFS’ work as a “move from awareness to action”.

ESG / Sustainability

MAS Issues New Guidance on Environmental Risk Management

02/06/2022

Banks, insurers and asset managers are directed to use the guidance to bolster their resilience to environmental risk and set tangible targets for action.

ESG / Sustainability

ASX to Scrutinise ETF Labels to Tackle Greenwashing – Report

30/05/2022

ASX will scrutinise listed instruments to ensure they are “true to label” and only list new funds that comply with ASIC’s naming requirements.