LATEST NEWS

ESG / Sustainability

EU Corporate Sustainability Due Diligence Directive Passes Key Committee

By Editors | 20/03/2024

Compared to the initial proposal, the number of companies in scope has been scaled back, and the financial industry is excluded, among other changes.

Big Picture

US Move to T+1 Settlement Poses Systemic Risk to Europe

By Mark Johnston | 20/03/2024

EFAMA says in a policy paper that the US move to a T+1 settlement cycle could dmea European fund managers would be unable to meet CLS cut-off times.

PBOC Revises Complaints Handling Procedures for Credit Reporting

By Editors | 20/03/2024

The revised procedures will improve convenience for complainants, reduce the cost of complaints, and help consumers safeguard their credit rights, the PBOC said.

ESG / Sustainability

Charting a New Course for Climate Risk Management

By Ranamita Chakraborty | 20/03/2024

The BCBS’ proposed Pillar 3 disclosure framework for climate-related financial risks highlights the need for broader consensus on such issues.

Securities / Derivatives

HKEX: Self-Match Prevention Service for Securities Set for Launch

By Sanday Chongo Kabange | 20/03/2024

From 2 April, HKEX’s new SMP service for the securities market will open for applications by exchange participants.

Hong Kong’s New eMPF Platform to Launch in June

By Sanday Chongo Kabange | 20/03/2024

The MPFA says all 12 MPF trustees in Hong Kong will start migrating data to the new eMPF platform in phases starting from June this year.

ESG / Sustainability

BIS Demonstrates the Use of GenAI in Climate Risk Analysis

By Manesh Samtani | 20/03/2024

Project Gaia delivered a platform that can extract data from corporate climate-related disclosures and generate harmonised metrics, despite differences in disclosure frameworks.

Capital / Liquidity

RBNZ Assesses Initial Impacts of New Bank Capital Framework

By Manesh Samtani | 20/03/2024

All NZ banks met their capital requirements over the previous two years. Costs of capital broadly in line with initial estimates. No evidence of financial market disruptions.

Securities / Derivatives

SEBI Approves Rule Changes to Lower Burden on Listed Companies

By Ajoy K Das | 20/03/2024

Companies will no longer have to maintain a 1% security deposit for public or rights issues of equity shares. They will also have more time to fill KMP vacancies.