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Securities / Derivatives
SOEs Undermine Credibility of China Green Finance Market
By Christina Ng | 01/12/2022
The IEEFA’s Christina Ng says China’s state-owned enterprises continue to allocate up to half of their green bond proceeds to non-green projects.
Crypto / Digital Assets
Singapore Deputy PM Defends Temasek Over FTX Loss
By Manesh Samtani | 01/12/2022
The FTX loss is disappointing, but it does not imply that the governance system is not working, deputy PM Lawrence Wong said.
ESG / Sustainability
APRA Unveils Results of Big Bank Climate Vulnerability Assessments
By Editors | 01/12/2022
The CVA results suggest that climate risk impacts and bank loan losses are likely to be concentrated in specific regions and industries.
Fintech / Regtech
EU’s Digital Operational Resilience Act Wins Final Approval
By Manesh Samtani | 01/12/2022
All financial entities and the third parties that provide them ICT-related services will have to adhere to DORA requirements from around the end of 2024.
AML / KYC
AUSTRAC Commences Court Proceedings Against Star Casinos
By Manesh Samtani | 01/12/2022
Star Sydney and Star Queensland breached one section of the law 1,189 and 325 times, respectively. Both are accused of “an innumerable number” of other breaches.
ESG / Sustainability
Climate Disclosures to be Mandatory for Taiwan FIs in 2024
By Editors | 30/11/2022
FIs will have to disclose climate-related information in annual reports and public offering documents for securities issuance.
Enforcement
Australian Court Dismisses ASIC Proceedings for CBA Overcharging
By Editors | 30/11/2022
CBA’s terms and conditions acknowledged that sometimes the bank ‘can get things wrong, and when this happens’ it is ‘determined to make them right again’.
HSBC to Sell Canadian Unit to RBC for $10b
By Editors | 30/11/2022
The deal is expected to complete in late 2023. HSBC said its group strategy remains unchanged.
ESG / Sustainability
TCFD Disclosures Not Delivering Decision-Useful Information
By ESG Investor | 30/11/2022
While the number of companies producing climate-related disclosures is increasing, less than half are including decision-useful information, says Manifest Climate.
Capital / Liquidity
BOE Confirms Planned Approach to Basel III Implementation
By Manesh Samtani | 30/11/2022
The BOE says its approach is consistent with the “vast majority” of major financial jurisdictions, with “appropriate but limited” adjustments for the UK market.
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