LATEST NEWS

China to Fully Digitalise Bank Confirmation Letter Issuance

By Editors | 16/01/2023

Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.

ESG / Sustainability

WWF-Singapore Publishes Sustainable Banking Assessment 2022

By Editors | 16/01/2023

The report calls on financial sector regulators to implement and align E&S risk management requirements for banks to ensure financial stability.

Crypto / Digital Assets

Samsung Asset Management Lists Hong Kong’s Third Crypto ETF

By Manesh Samtani | 16/01/2023

The ETF traded 92,550 units on its first day, compared to 1,435,800 units traded between CSOP’s two ETFs on their first day last month.

Securities / Derivatives

Schroders Wins Approval to Set Up Mutual Fund Unit in China

By Editors | 16/01/2023

The Schroders approval follows several other new approvals for foreign-owned mutual fund businesses, granted to Neuberger Berman, Fidelity International, and Manulife.

ESG / Sustainability

Korea Issues Guidelines to Improve Transparency of ESG Bond Ratings

By Manesh Samtani | 16/01/2023

The guidelines reflect IOSCO’s recommendations and will be implemented as KOFIA best practice from 1 February 2023.

ESG / Sustainability

Companies Rally Behind Carbon Credits, Survey Finds

By ESG Investor | 15/01/2023

A survey of more than 500 medium to large businesses across the US, UK and Europe found that 89% of companies view carbon credits as a valuable tool to mitigate CO2 emissions.

Crypto / Digital Assets

UK to Launch Digital Currency Consultations in Coming Weeks

By Mark Johnston | 15/01/2023

One consultation will cover the attributes of a digital pound. The other will cover the UK’s approach to regulating crypto and DeFi.

CBIRC Issues New Rules on Reporting Regulatory Statistics Data

By Editors | 15/01/2023

Banks and insurers are required to manage statistical reporting work centrally, from a dedicated department, and to establish data review, governance, and quality control mechanisms.

Market Infrastructure

SEBI Issues New Standards for Handling Stock Exchange Outages

By Sanday Chongo Kabange | 15/01/2023

Outages must be reported within 15 minutes. Updates must be provided every 45 minutes. Trading hours can be automatically extended for other exchanges.