Market Infrastructure

ESG / Sustainability

Malaysia Advances Work on Financial Sector Sustainability

By Manesh Samtani | 28/04/2022

A new report was released assessing current sustainability practices at FIs. Work has commenced to develop a climate disclosure guide for businesses.

ESG / Sustainability

F4B Proposes Governance Model for Carbon Markets

By ESG Investor | 28/04/2022

The model builds on three principles to ensure carbon markets grow rapidly, adhere to standards, and help the global economy move toward net zero.

ESG / Sustainability

ISSB Forms Working Group to Prevent Jurisdictional Fragmentation

By Editors | 28/04/2022

The working group will seek to align work being done across jurisdictions to set standards in the field of sustainability-related financial disclosures.

ESG / Sustainability

New UK Taskforce to Set Standards for Climate Transition Plans

By Editors | 27/04/2022

The taskforce will develop policy recommendations, sector-specific transition planning templates and guidance, and measures to tackle greenwashing.

Big Picture

Leading Banks Fail to Account for Climate in Financial Statements

By ESG Investor | 27/04/2022

KPMG analysis finds most major banks and auditors are not yet focused on climate-related reporting.

Securities / Derivatives

LME to Cease Trading in Gold, Silver Futures in July

By Editors | 27/04/2022

The LME said the decision was made following discussions with market participants and “in light of the low levels of trading activity”.

Market Infrastructure

HKEX, SFC to Open HKIDR Testing to Market on 16 May

By Sanday Chongo Kabange | 27/04/2022

Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.

AML / KYC

China UnionPay to Halt Operations in Russia

By Editors | 27/04/2022

UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.

Big Picture

FSB Proposes Policy Measures to Address EM Vulnerabilities

By Editors | 26/04/2022

The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.