Market Infrastructure

ESG / Sustainability

MAS, PBOC to Jointly Establish Green Finance Taskforce

By Editors | 02/11/2022

A number of Singapore-China initiatives were announced this week, including plans by SGX, SSE and SZSE to launch a Low Carbon Index Family by year-end.

ESG / Sustainability

IDX, MVGX Partner to Develop Indonesia’s Carbon Market

By Editors | 02/11/2022

Indonesia Stock Exchange and Singapore’s MetaVerse Green Exchange will collaborate to develop a carbon exchange system in Indonesia.

Market Infrastructure

Hong Kong to Subject Foreign Investment Gains to Profits Tax

By Manesh Samtani | 02/11/2022

A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.

Enforcement

New York Court Dismisses Tom Hayes LIBOR Rigging Case

By Editors | 01/11/2022

US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.

Market Infrastructure

ESMA to Withdraw Recognition of Six Indian CCPs

By Editors | 01/11/2022

EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.

Market Infrastructure

ASX Issues 2nd Consultation on Measures for Handling Outages

By Editors | 01/11/2022

ASX is seeking feedback on new order and trade download services, a ‘cancel only’ session state, and an intraday restart capability.

Fintech / Regtech

EU Commission Proposes New Rules on Instant Payments

By Manesh Samtani | 30/10/2022

Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.

AML / KYC

Australia: Budget Measures Provide Boost to Scam Prevention

By Editors | 30/10/2022

The budget also includes funding for APRA and ASIC to increase their staff numbers, an independent review of the carbon market, and the introduction of climate reporting standards.

ESG / Sustainability

HKEX Launches Carbon Market to Support Net Zero Transition

By Sanday Chongo Kabange | 30/10/2022

The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.