United States

ESG / Sustainability

Bangko Sentral’s ‘Deliberate Approach’ to Sustainable Finance

By Mark Johnston | 14/12/2021

Deputy governor Chuchi Fonacier explains the BSP’s policy approach to sustainability, highlighting the central bank’s role as an ‘enabler’, ‘mobiliser’ and ‘doer’.

Securities / Derivatives

US Sanctions Force Chinese AI Firm to Postpone HK IPO

By Manesh Samtani | 13/12/2021

The US Treasury placed Chinese AI firm SenseTime on an investment blacklist just as the company was preparing to list in Hong Kong.

ESG / Sustainability

Thai SEC Consults on Disclosure Guidance for SRI Funds

By Editors | 13/12/2021

Disclosures should include an investment strategy that details the securities analysis and selection process and investment benchmarks used.

AML / KYC

US Treasury Targets Human Trafficking in Updated Action Plan

By Mark Johnston | 12/12/2021

Treasury will leverage its AML expertise to augment human trafficking investigations, and develop advisories to alert FIs to potential red flags.

Securities / Derivatives

China to Restrict Use of VIE Structures for Foreign IPOs

By Manesh Samtani | 10/12/2021

The blacklist is expected to target new companies in sensitive sectors that use VIE structures to run their China businesses.

Market Infrastructure

US House Passes LIBOR Replacement Legislation

By Manesh Samtani | 10/12/2021

The legislation will automatically shift tough legacy contracts to a new benchmark, preventing disputes over which rate should apply and how interest is calculated.

Securities / Derivatives

TAIFEX Receives CFTC Certification for New Mini Finance Futures

By Editors | 09/12/2021

TAIFEX said the financial industry is the most interesting sector to foreign investors in Taiwan’s stock market.

AML / KYC

FinCEN to Tighten Rules on Beneficial Ownership, Real Estate Deals

By Manesh Samtani | 09/12/2021

The proposed rules are aimed at protecting the US financial system from money laundering enabled by shell companies and all-cash real estate deals.

Securities / Derivatives

HKFE Gets CFTC Certification for Two More China Futures Contracts

By Sanday Chongo Kabange | 08/12/2021

The certification of the two contracts means they can be offered and sold to persons in the US, and that US investors can trade the contracts from within the US.