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ESG / Sustainability
BSE India Receives Approval to Set Up Social Stock Exchange
By Editors | 10/10/2022
The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.
Philippines Set to Adopt Standardised Forms for Loan Applications
By Editors | 10/10/2022
Lenders will be required to use standard loan application forms, which will make credit more accessible to small businesses.
BNM Calls for Heightened Vigilance Over Payment Card Activity
By Editors | 10/10/2022
Payment gateway service provider iPay88 experienced a breach earlier this year affecting card data from online transactions.
Securities / Derivatives
HKIFA Calls for Review of MPF Investment Framework
By Editors | 10/10/2022
The HKIFA is calling for relaxations to allow MPF funds to invest in a wider range of asset classes, and to provide investment flexibility to those already in retirement.
Market Infrastructure
FASB Extends LIBOR Accounting Relief for Two More Years
By Editors | 10/10/2022
The relief delays more onerous accounting treatment that borrowers with legacy LIBOR loans would face if the relief was not extended.
Crypto / Digital Assets
Binance Suffers Crypto Hack, But Contains Losses
By Editors | 10/10/2022
After managing to freeze the majority of the stolen assets, Binance said about $100mn in unrecovered funds remains, out of $570mn that was initially stolen.
Enforcement
Korea May Start Naming Foreign Firms Engaged in Illegal Short-Selling
By Editors | 09/10/2022
Local securities firms are required to notify investors if they are fined for violating short selling-related rules, but this is not the case for foreign investors.
Crypto / Digital Assets
RBI Set to Commence Limited Pilot Launch of CBDC
By Editors | 09/10/2022
To avoid the disintermediation of banks, which would impede credit creation, the RBI suggested the CBDC would likely be non-interest bearing.
Enforcement
FSA Bars SMBC Nikko from Block Trades for 3 Months
By Editors | 09/10/2022
SMBC Nikko Securities was also found to have shared confidential information of several corporate clients without their consent with its parent’s banking unit.
AML / KYC
Malaysia Budget 2023 to Tackle Scams, Promote Capital Market
By Editors | 09/10/2022
Budget 2023 includes measures to strengthen the capital market, protect against scams and cyber threats, and drive the ESG and climate change agenda.
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