Securities / Derivatives

Enforcement

SocGen Agrees to $105m Euribor Rigging Settlement

By Editors | 16/04/2023

If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.

ESG / Sustainability

HKEX: Climate-related Disclosures to Become Mandatory in 2024

By Manesh Samtani | 16/04/2023

New rules aligned with the TCFD recommendations and the ISSB Climate Standard will become effective in January 2024.

Enforcement

Japan FTC Cautions Mizuho Securities Over IPO Price-setting

By Editors | 16/04/2023

Mizuho Securities, as lead underwriter, set the issue prices of two companies lower than the companies were seeking. Both more than doubled in value on their IPO.

Securities / Derivatives

Korea to Develop Fund Manager Guidance on Exercise of Voting Rights

By Editors | 15/04/2023

There is currently insufficient guidance on the exercise of voting rights, particularly for issues involving corporate governance and ESG matters, the FSS said.

Fintech / Regtech

Tiger Brokers Tests ‘TigerGPT’ Chatbot as Investment Assistant

By Editors | 14/04/2023

The OpenAI-powered chatbot is said to be the “first deployment of an AI investment assistant in the brokerage industry”.

Crypto / Digital Assets

LCH to Start Clearing BTC Futures and Options in Q4

By Editors | 14/04/2023

LCH will clear Bitcoin index futures and options contracts traded on GFO-X, an FCA-regulated digital asset derivatives trading venue.

ESG / Sustainability

Hong Kong Overtakes France in Morningstar’s ‘Sustainability Atlas’

By ESG Investor | 13/04/2023

Hong Kong overtook France for 3rd place and Taiwan jumped from 11th place to 5th place in Morningstar’s 2023 Sustainability Atlas.

Securities / Derivatives

Super Funds that Fail Performance Test Must Improve Communications

By Editors | 13/04/2023

ASIC reviewed the performance communications of four super funds that failed APRA’s annual performance test for the second time last year.

ESG / Sustainability

Bursa Malaysia, PETRONAS Partner to Drive ESG Adoption

By Editors | 13/04/2023

PETRONAS, the largest corporate entity in Malaysia, will participate as an early adopter of Bursa Malaysia’s Centralised Sustainability Intelligence Platform.