Trading & Investment

CSRC Approves First ETF Listings Tracking Saudi Arabia

17/06/2024

Two ETFs managed by Huatai-Pinebridge Fund Management and China Southern Asset Management were approved.

CBDCs

BIS Publishes Results of Latest CBDC, Crypto Survey

17/06/2024

Central banks are now more likely to issue a wholesale CBDC than a retail CBDC within the next six years.

Structural Regulation

CSRC Proposes to Enhance Funds Recognition Scheme

17/06/2024

Mutually recognised funds will be allowed to delegate their investment management functions to overseas asset management institutions.

Payments & Settlements

BIS Launches New Innovation Hub Centre in Toronto

17/06/2024

The Toronto Innovation Centre will initially focus on next-generation financial market infrastructures, suptech, and open finance.

Trading & Investment

More ETFs Will be Added to Stock Connect on 22 July

17/06/2024

The AUM and index weighting requirements have been relaxed to include more HK- and mainland-listed ETFs in Stock Connect.

Conduct, Culture & Accountability

HKEX Proposes Enhancements to Corporate Governance Code

17/06/2024

The new requirements aim to enhance risk management as well as board effectiveness, independence and diversity.

Payments & Settlements

BIS Innovation Hub to Explore RTGS to DLT Interoperability

17/06/2024

Project Meridian FX will explore interoperability between RTGS systems and new payments technologies like DLT.

Credit Risk

BNM Issues Framework on Standardised Approach to Credit Risk

17/06/2024

The framework will come into effect on 1 July 2026, one year later than initially proposed in January 2023.

Anti-Money Laundering

Malaysia SC Issues Revised AML/CFT/CPF Guidelines

17/06/2024

The updated guidelines include requirements to identify and perform due diligence on counterparty VASPs before transmitting information to them.