IFR Asia - 13.10.2018

People

&Markets

from Social bonds must be used for projects

that are socially beneficial and not for activities

that have a negative social impact, such as

alcohol, gambling and weaponry. Proceeds

from Sustainability bonds can be applied

to both green and social projects that offer

environmental and social benefits.

The ACMF also launched a framework to

allow freer movement of investment advisers

in the region. Four countries – Malaysia, the

Philippines, Singapore and Thailand – will

participate in this scheme initially. The four

have agreed to allow licensed professionals

to provide advisory services on a fast-track

registration with no additional licensing

requirements.

Citigroup

Partnership on securities lending in Korea

CITIGROUP has partnered with the KOREA

SECURITIES DEPOSITORY, South Korea’s central

securities depository, to provide securities

lending services.

The US bank said in a statement that it would

work with Korean securities companies, fund

managers, and other financial intermediaries on

lending their global equity portfolios to generate

higher returns on idle assets.

Citigroup said it would start working with

local brokerage firm SHINHAN INVESTMENT and

planned to expand to cover other clients with

the possibility of also extending cover to other

financial assets beyond equities later.

According to data from the World Bank cited by

Citigroup, local Korean investors currently hold

around US$570bn in global equities via direct

and portfolio investments.

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