LATEST NEWS

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    Securities / Derivatives

    NZX Issues Consultation on Director Independence Settings

    By Editors | 06/05/2024

    NZX is undertaking a detailed review of its corporate governance settings relating to director independence.

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    Capital / Liquidity

    NZ Treasury Consults on Funding for Depositor Compensation

    By Editors | 06/05/2024

    The consultation paper seeks feedback on the funding strategy for the Depositor Compensation Scheme.

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    ESG / Sustainability

    ASIC Has Greenwashing “In Its Sights”, Says Chair Joe Longo

    By Nithya Subramanian | 06/05/2024

    Joe Longo said ASIC will take action when there’s an “unreasonable lack of diligence” or “carelessness” by regulated entities that “should know better”.

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    ESG / Sustainability

    HKMA Publishes Hong Kong Taxonomy for Sustainable Finance

    By Manesh Samtani | 06/05/2024

    The Taxonomy encompasses 12 economic activities under four sectors. The HKMA said the second phase of the Taxonomy’s development “will commence soon”.

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    AML / KYC

    BSP Mandates 24-Hour Reporting for Significant Risk Events

    By Mark Johnston | 06/05/2024

    New BSP rules require bank and non-bank FIs to report significant ML/TF/PF risk events within 24 hours.

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    AML / KYC

    Singapore, Hong Kong Anti Scam Units and Banks Jointly Foil Scam

    By Nithya Subramanian | 06/05/2024

    DBS, UOB, Singapore’s ASC, and Hong Kong’s ADCC collaborated to fully recover over S$370,000 lost by a 70-year-old victim.

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    Securities / Derivatives

    India Allows Non-Bank FPIs to Issue Derivatives in GIFT City

    By Ajoy K Das | 06/05/2024

    Non-bank FPIs including AIFs are expected to start issuing derivatives in GIFT City and offering them to international investors.

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    Sanctions

    US Officials in Malaysia, Singapore This Week to Discuss Sanctions

    By Editors | 06/05/2024

    Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

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    ESG / Sustainability

    HKMA Issues Updated Guideline on Green Finance Grant Scheme

    By Editors | 06/05/2024

    The grant scheme is being extended another three years, and its scope is being expanded to cover transition finance instruments.

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    Market Infrastructure

    ASEAN+3 Ministers Approve New Rapid Financing Facility

    By Editors | 06/05/2024

    The Rapid Financing Facility will enable ASEAN+3 countries to access emergency financing during periods of urgent balance of payments needs.

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