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ESG / Sustainability
US Banks “Ignoring Climate Emergency” – Reclaim Finance
By ESG Investor | 22/09/2022
Reclaim Finance calls on US banks to “immediately complement their net zero pledges with real action and implement robust coal policies”.
Enforcement
New York AG Files Fraud Charges Against Trump & Family
By Editors | 22/09/2022
The lawsuit says Trump falsified his net worth to obtain more favourable loan terms, cheaper insurance coverage, and tax benefits.
Market Infrastructure
HKMA Signals Coming Enhancements to Wealth Connect Scheme
By Editors | 22/09/2022
Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.
Fintech / Regtech
Banks, Tech Firms Propose Payments Pilot Using EU Digital IDs
By Editors | 22/09/2022
European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.
Market Infrastructure
Refinitiv Commences Publication of USD IBOR Cash Fallbacks
By Editors | 22/09/2022
USD IBOR Cash Fallbacks will be used to transition loans, bonds and securitised products that reference LIBOR and will mature after 30 June 2023.
ESG / Sustainability
Environmental Groups Take Legal Action over EU Taxonomy
By ESG Investor | 22/09/2022
Four environmental groups are set to start legal action in an attempt to prevent the EU including fossil gas in its sustainable finance rulebook.
Enforcement
China: Another Senior Executive Probed for Chip Fund Fraud
By Editors | 22/09/2022
Another senior investment manager of Sino IC Capital is being probed for fraud involving China’s biggest investment fund for the chip sector.
Crypto / Digital Assets
SBI Obtains Singapore Licence to Offer Digital Asset Services
By Editors | 22/09/2022
SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.
Capital / Liquidity
Australia: Bond Losses Wipe Out Central Bank’s Equity
By Editors | 22/09/2022
An accounting loss of A$36.7bn depleted the RBA’s reserve funds and left it with a negative net equity position of A$12.4bn.
Enforcement
Australia Court Orders Retrial of Banned Mayfair 101 Director
By Editors | 21/09/2022
ASIC put a “legally incorrect case” and the primary judge made orders “based on a legally correct case not put”, the court said.
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