Climate Risk

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.

Reporting & Disclosures

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.

Alternative Markets

Korea to Introduce New Venture Capital Investment Vehicle

30/05/2022

So-called ‘Business Development Companies’ will be listed on the stock market and allowed to invest in and lend to startups and innovative companies.

Cryptocurrency

ECB Calls for Urgent EU Approval of MiCA Regulation

28/05/2022

Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.

Stablecoins

World Bank Paper Explores Barriers to Stablecoin, CBDC Adoption

28/05/2022

Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.

Fraud, Scams & Cybercrime

New Zealand Probes Fake Crypto Firm Over Missing Funds

26/05/2022

A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.

Payments & Settlements

BSP Issues Draft Operating Rules for RTGS Payment System

26/05/2022

The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.

CBDCs

SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems

25/05/2022

SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.

Custody & Infrastructure

Sumitomo Mitsui Trust to Establish Crypto Custody Company

25/05/2022

The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.