Sustainable Finance

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.

Conduct, Culture & Accountability

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.

Trading & Investment

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.

PEPs & 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.

Stablecoins

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.

Cybersecurity

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.

Climate Risk

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.

Stablecoins

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.

Emerging Prudential Risks

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.