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ESG / Sustainability
Florida to Divest $2bn from BlackRock Over ESG Objections
By Editors | 05/12/2022
Florida CFO Jimmy Patronis describes BlackRock’s ESG strategy as a “social-engineering project” that has “nothing to do with maximizing returns”.
Securities / Derivatives
China Targets Investment Banking Controls at Securities Firms
By Editors | 04/12/2022
CSRC penalises multiple securities firms. New evaluation system will lead to more intense supervision of firms with lower-quality investment banking practices.
Securities / Derivatives
JPX Acquisition to Improve English Disclosures by Listed Companies
By Editors | 04/12/2022
JPXI will acquire SCRIPTS Asia, which creates English transcripts of investor events held by listed companies and distributes them to domestic and overseas investors.
Capital / Liquidity
HKFE Invites Firms to Support Development of FX Derivatives Market
By Editors | 04/12/2022
HKFE is seeking liquidity providers and market participants to support the development of liquidity in RMB and INR derivatives contracts.
Enforcement
US Financial Firms to Spend $18bn on Surveillance Tech This Year
By Editors | 03/12/2022
The increased spending comes after multiple financial firms were fined for failing to monitor and keep records on employees’ communications via messaging apps.
Big Picture
IOSCO Offers Guidance to Regulators on Investor Education, Protection
By Editors | 03/12/2022
IOSCO report proposes seven sound practices for regulators to consider when designing financial and investor education initiatives, particularly during periods of crisis.
Market Infrastructure
China to Pilot Commercial Pensions to Supplement New Private Pension Scheme
By Editors | 03/12/2022
China launched its private pension scheme in 36 cities on 25 November. Commercial pension trials will start in 10 cities on 1 January.
ESG / Sustainability
ASIC Fines Vanguard Australia for ‘Greenwashing’ in Funds
By Editors | 02/12/2022
Vanguard’s exclusion was meant to prevent investment in companies that sell tobacco products, but its screen only excluded manufacturers and not sellers.
Market Infrastructure
CSRC Lifts Equity Financing Ban for Property Firms
By Editors | 02/12/2022
The CSRC is allowing listed developers to conduct equity financing, mergers and acquisitions, corporate restructurings, private share placements, and overseas fundraising.
Crypto / Digital Assets
DTCC Publishes Findings from Experimental CBDC Work
By Editors | 02/12/2022
The prototype developed was able to connect two distinct asset networks to enable “secure, resilient, and efficient security settlement with CBDC.”
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