Clearing & Post-Trade

ESMA Consults on Potential Move to Shorter Securities Settlement Cycle

08/10/2023

ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.

Conduct, Culture & Accountability

MAS and Industry Bodies Publish Financial Planning Guide

08/10/2023

Financial advisory firms and their representatives are asked to refer to the guide in their financial planning conversations with customers.

CBDCs

China Establishes CBDC Connectivity with Hong Kong FPS

07/10/2023

Members of the Hong Kong delegation at the Asian Games in Hangzhou are able to download the e-CNY mobile app and recharge their accounts via FPS.

Climate Risk

NGFS Publishes Conceptual Note on Short-term Climate Scenarios

07/10/2023

The conceptual note proposes five different climate scenario narratives to underpin the short-term dynamics associated with various transition and physical impacts.

Cryptocurrency

ESMA Issues Second Consultation on MiCA Technical Standards

07/10/2023

The consultation covers sustainability indicators of CASPs, trade transparency, record-keeping, and machine-readability of white papers.

Anti-Bribery & Corruption

Malaysia’s High Court Penalises Former Bank Rakyat Execs

06/10/2023

Bank Rakyat’s ex-chairman and ex-managing director breached their fiduciary duties by arranging sponsorship for a book about Najib Razak in 2016.

ESG Data

Canada’s Main Market Operator Launches ESG Data Hub

06/10/2023

The data hub will include climate action plans, impact quantifying, company and controversy screening, news and event coverage, and corporate peer analysis.

Emerging Prudential Risks

BCBS to Issue New Consultations on Climate, Crypto Disclosures

06/10/2023

Consultation on bank disclosures of crypto exposures coming “soon”. Consultation on Pillar 3 disclosures for climate-related financial risks coming in November.

Sustainable Finance

Bursa Malaysia Issues Handbook for Voluntary Carbon Market

06/10/2023

The handbook defines the roles and functions of key entities in Malaysia’s carbon market operations, and provides information on how the Bursa Carbon Exchange works.