Sustainable Finance

PBOC Extends Re-Lending Facilities to Support Green Transition

31/01/2023

Foreign-funded FIs will be allowed to use a re-lending facility designed to support carbon emission reductions. The facility is extended until end-2024.

Clearing & Post-Trade

JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries

31/01/2023

The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.

Conduct, Culture & Accountability

SFC Fines Private Fund Adviser for Failing to Protect Investors’ Interest

31/01/2023

Cardinalasia Consulting and its responsible officer failed to ensure that the manager of the five private funds received appropriate advice.

Conduct, Culture & Accountability

Singapore Court Fines Whistleblower for Making False Claims

31/01/2023

The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.

Structural Regulation

Philippine SEC Issues Consumer Protection Rules for Consultation

31/01/2023

The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.

Reporting & Disclosures

IFSCA Issues Disclosure Framework for GIFT City ESG Funds

30/01/2023

The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India’s maiden international financial services centre.

Fraud, Scams & Cybercrime

International Counter Ransomware Task Force Begins Operation

30/01/2023

Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.

Stablecoins

Japan FSA to Permit Foreign Issued Stablecoins by Early June

30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.

Reporting & Disclosures

Climate Consultancy South Pole Accused of Over-issuing Carbon Credits

30/01/2023

South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.