Sustainable Finance

BOE Explores Options for Greening Bond Purchase Programme

26/05/2021

The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.

CBDCs

Bank of Korea Seeks Technology Partner to Test CBDC

25/05/2021

The testing and simulation exercise will be conducted in two phases, the first involving the creation, issuance and redemption of a digital won.

Payments & Settlements

ASIC Proposes Updates to Modernise ePayments Code

25/05/2021

ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.

Climate Risk

EBA Publishes Results of Pilot Exercise on Climate Risk

25/05/2021

The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.

Structural Regulation

G7 Close to Deal on Global Minimum Corporate Tax Rate

24/05/2021

A US Treasury’s proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.

Data Privacy

Guangdong Restricts Collection of Data in Social Credit Ratings

24/05/2021

The new regulations bar the collection of information on consumers’ religion, blood type, diseases, medical history and biometrics.

Trading & Investment

Philippine Bourse Ordered to Show Progress on SME Listings

24/05/2021

The order from the DOF follows the introduction of new listing rules in March, which are aimed at encouraging greater SME participation in the stock market.

Anti-Money Laundering

US Treasury Paper Outlines Proposal for New Tax Reporting Regime

24/05/2021

The paper proposes that transfers involving crypto assets worth more than USD 10,000 be reported to the IRS under the new reporting regime.

Clearing & Post-Trade

TDCC, Glass Lewis Announce Partnership on Proxy Reports

24/05/2021

The initiative will enable the TDCC to provide Taiwan issuers with proxy research reports, which will help to enhance transparency for investors.