Climate Risk

Singapore Publishes Criteria for Acceptance of Carbon Credits

10/10/2023

Carbon credits from other countries can only be used by carbon tax-liable companies in Singapore if they fulfill seven eligibility criteria.

Payments & Settlements

Australia Consults on Aligning Timing of Super Payments With Wages

10/10/2023

Employers tend to make super payments quarterly, even though employees are typically paid in fortnightly or monthly pay cycles.

Cryptocurrency

UK FCA Issues 146 Alerts Against Crypto Firms

09/10/2023

The alerts came soon after new rules took effect prohibiting crypto firms from advertising to UK consumers without the FCA’s authorisation.

Cybersecurity

RBI Allows Banks to Introduce Card Token Facilities

09/10/2023

Card token creation has until now only been available through merchant applications or websites, not issuer banks.

Market Abuse

Korean Investors Warned About Illegal Overseas Trading

09/10/2023

The FSC and FSS say there has been a recent increase in the number of foreign investigations involving Korean investors.

Structural Regulation

SEBI Forms 16 Working Groups to Focus on Rule Simplification

09/10/2023

SEBI is additionally inviting suggestions from the public and regulated entities on ways to simplify, ease and reduce cost of compliance.

Trading & Investment

Taiwan: 11 Fund Managers Selected to Receive Policy Concessions

09/10/2023

Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.

Sustainable Finance

European Parliament Adopts New Standards for Green Bonds

09/10/2023

The standards impose strict requirements on companies that choose to use the ‘European green bond’ or ‘EuGB’ label.

Structural Regulation

Citi Announces Deal to Sell China Consumer Business to HSBC

09/10/2023

Following the transaction, expected to close in H1 2024, Citi’s consumer business will be integrated into HSBC’s wealth and personal banking business unit.