Sustainable Finance

High Definition: Does Asia Need a Unified ESG Taxonomy?

01/08/2022

As countries move at different speeds towards developing their own standards, is this multiplicity an obstacle to a greener future?

Fraud, Scams & Cybercrime

FSC Fines Bank of Taiwan Over Embezzled Customer Funds

01/08/2022

The illegal behavior lasted nearly 10 years, affecting nine customers, five of which were seniors. The total amount involved was about TWD 84.5 million.

Conduct, Culture & Accountability

HKEX Extends Listing Rules to Cover Share Award Schemes

01/08/2022

The rule amendments relating to share schemes will come into effect on 1 January 2023, however issuers may adopt the amended rules earlier.

Trading & Investment

SGX, NSE Formally Launch Trading Link at GIFT City

01/08/2022

NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, with seven SGX members already onboarded.

Climate Risk

US Treasury Launches Data Hub for Climate Risk Assessments

01/08/2022

The Climate Data and Analytics Hub will enable financial regulators to use data from across the government to assess climate-related financial stability risks.

Emerging Prudential Risks

APRA Proposes to Enhance Strategic Planning in Superannuation

01/08/2022

APRA proposes to update its prudential standard governing strategic planning and member outcomes in superannuation, just 2.5 years after it took effect.

Cryptocurrency

UK Law Commission Proposes Reforms to Accommodate Crypto

01/08/2022

New consultation paper proposes explicit recognition of digital assets under law as a distinct category of personal property, provisionally called ‘data objects’.

Structural Regulation

ASIC Issues First Stop Orders Under DDOs Regime

01/08/2022

Three firms are required to temporarily stop offering their products to consumers due to deficiencies in their target market determinations.

Trading & Investment

India Launches First International Bullion Exchange

01/08/2022

The exchange is expected to facilitate efficient price discovery; ensure standardisation, quality assurance and sourcing integrity; and help bring more foreign traders to India.