Sustainable Finance

SC Malaysia Consolidates Islamic Capital Market Guidelines

01/12/2022

The consolidated guidelines introduce a new chapter dedicated to ‘waqf’ and introduce additional requirements on Islamic fund management business.

Clearing & Post-Trade

RBI, FSA Agree to Improve Mutual Cooperation on CCPs

01/12/2022

The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.

Climate Risk

APRA Unveils Results of Big Bank Climate Vulnerability Assessments

01/12/2022

The CVA results suggest that climate risk impacts and bank loan losses are likely to be concentrated in specific regions and industries.

Reporting & Disclosures

Climate Disclosures to be Mandatory for Taiwan FIs in 2024

30/11/2022

FIs will have to disclose climate-related information in annual reports and public offering documents for securities issuance.

Conduct, Culture & Accountability

Australian Court Dismisses ASIC Proceedings for CBA Overcharging

30/11/2022

CBA’s terms and conditions acknowledged that sometimes the bank ‘can get things wrong, and when this happens’ it is ‘determined to make them right again’.

Structural Regulation

HSBC to Sell Canadian Unit to RBC for $10b

30/11/2022

The deal is expected to complete in late 2023. HSBC said its group strategy remains unchanged.

Payments & Settlements

More Than 500 Banks Have Now Adopted ‘Swift Go’

30/11/2022

Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.

Market Data & Technology

GLEIF Enables LEI Mapping for S&P Global Company IDs

30/11/2022

GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.

Structural Regulation

Korea to Limit Cross-shareholdings by Insurers in Affiliates

30/11/2022

Proposed bill targets Samsung Life Insurance, which controls a significant portion of the issued shares in Samsung Electronics.