Big Picture

HK Can Retain Hub Status for Alternative Asset Managers: AIMA

17/07/2022

Hong Kong should ensure financial services professionals can move freely, and expand Wealth Connect over time to include alternative asset classes, AIMA says.

AML / KYC

NSW Authorities Inquire Into Money Laundering via Gaming Machines

17/07/2022

NSW Crime Commission issued new papers as part of an inquiry into money laundering via electronic gaming machines at pubs, clubs and hotels.

Securities / Derivatives

Korea: New FSC Chief to Prioritise Market Stability, Innovation

17/07/2022

The FSC could use market stabilisation funds and impose short-selling bans to stabilise markets and address excessive volatility.

Fintech / Regtech

RBI Grants First In-Principle Approvals for Payment Aggregator Licence

17/07/2022

Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.

ESG / Sustainability

Thailand SEC Launches ‘SDG Investor Map’

15/07/2022

The SEC says the SDG Investor Map will promote the capital market as a mechanism for driving Thailand towards the UN SDGs.

Fintech / Regtech

IOSCO Publishes Report on Use of Innovation Facilitators

15/07/2022

The report offers recommendations on three types of innovation facilitators – innovation hubs, regulatory sandboxes, and regulatory accelerators.

ESG / Sustainability

Encouraging Progress on Climate Risk Roadmap: FSB

15/07/2022

The FSB has published its first annual stocktake on progress to address climate-related financial risks since the release of its roadmap last July.

Crypto / Digital Assets

OECD Confirms Timeline Revision for New Global Tax Rules

15/07/2022

A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.

ASIC Bans Excessive Fees Charged to Small Credit Customers

15/07/2022

ASIC’s orders prohibit the provision of short term credit and continuing credit contracts which involve unreasonably high fees charged to retail clients.