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Sustainable Finance
KRX Admits 20 Brokerage Firms to Carbon Emissions Market
By Editors | 22/12/2021
The addition of the 20 brokerages is expected to stimulate the carbon emissions trading market and facilitate more appropriate pricing of emissions.
Trading & Investment
Taiwan Extends Day Trading Transaction Tax Cut to 2024
By Editors | 22/12/2021
The extension keeps the transaction tax for day trading halved at 0.15 percent, a measure that has been in place since April 2017 and was set to expire on 31 December.
Payments & Settlements
HKMA Directs Banks to Use Name Matching in Fund Transfers
By Editors | 21/12/2021
Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.
Conduct, Culture & Accountability
CBIRC Details Consumer Rights Infringements by Huaxia Bank
By Darien Choong | 21/12/2021
The bank used credit card contracts to “force” customers to accept cross-selling, which infringes on consumers’ right to fair transactions, the CBIRC said.
CBDCs
ISSA Explores CBDC Impacts to Post-Trade Settlement
By Editors | 21/12/2021
CBDC is a critical and likely enabler for DLT-based securities settlement and collateral management, with stablecoins providing a possible alternative, the paper says.
Conduct, Culture & Accountability
Taiwan FSC Directs Banks to Enhance Wealth Management Controls
By Darien Choong | 21/12/2021
The FSC found deficiencies in banks’ implementation of internal controls to prevent misappropriation of client funds by wealth management specialists.
Structural Regulation
Bursa Malaysia to Become Approval Authority for ACE Market IPOs
By Editors | 21/12/2021
Under the new regulatory framework, the listing process for ACE Market IPOs has been streamlined to enhance fundraising efficiency for Malaysian corporations.
Trading & Investment
HKMA Directs Banks to Observe Latest FX Global Code
By Mark Johnston | 21/12/2021
Banks are expected to review their practices to ensure observance of the FX Global Code and renew the Statement of Commitment by 15 July 2022.
Trading & Investment
China to Expand Shanghai-London Stock Connect
By Editors | 21/12/2021
Under the proposed rules, the Stock Connect scheme will be expanded to allow participation from companies listed in Shenzhen, Switzerland and Germany.
Trading & Investment
‘SOFR First’ Concludes with Publication of User Guide
By Editors | 21/12/2021
The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.
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