FINANCIAL SERVICES AGENCY

Capital / Liquidity

More Credit Suisse AT1 Bondholders Sue FINMA

By Editors | 04/05/2023

The suit means that investors representing up to a third of the $17bn in AT1 bonds issued by Credit Suisse have now launched legal action.

ESG / Sustainability

An Unregulated ESG Rating System Reveals its Flaws

By Hazel Ilango | 04/05/2023

ESG ratings are instrumental in facilitating investment decisions, but can disrupt the stability of financial markets if unregulated, says IEEFA’s Hazel Ilango.

Capital / Liquidity

Credit Suisse AT1 Bondholders File Suit Against FINMA

By Editors | 22/04/2023

Investors representing over $5bn of Credit Suisse AT1 bonds are seeking redress for the losses they suffered during the takeover by UBS.

Goldman to Offer Treasury Services to Japan Corporates

By Editors | 13/04/2023

Japan will be the first country in Asia where Goldman will offer transaction banking. The service is already offered in the US, UK, Germany and Netherlands.

Fintech / Regtech

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

Crypto / Digital Assets

Four Crypto Platforms Directed to Stop Offering Services in Japan

By Editors | 05/04/2023

Bybit, MEXC Global, Bitforex, and Bitget were warned against offering services to Japanese residents without registration.

ESG / Sustainability

PRI Identifies Demand for Sustainable Finance Taxonomy in Japan

By Editors | 14/03/2023

PRI survey identified “substantial demand” from investors for some form of comprehensive sustainable finance taxonomy for Japan.

ESG / Sustainability

Japan Sets Timeline for Domestic Implementation of ISSB Standards

By Editors | 03/03/2023

Japan will issue draft sustainability disclosure standards based on the ISSB standards by 31 March 2024, and final standards by 31 March 2025.

Crypto / Digital Assets

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.