Operational Risk

SFC Calls for Licensed Personnel to Return to Hong Kong

21/09/2022

The SFC is concerned over operational risks at licensed corporations that are doing business without a responsible manager located in the city.

Custody & Infrastructure

Nasdaq Establishes New Digital Assets Business

21/09/2022

The technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term, says Nasdaq’s Adena Friedman.

Climate Risk

Korean Banks, Insurers Meet to Discuss Climate Stress Tests

21/09/2022

KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.

Supervision & Enforcement

HK Police, FRC Sign MoU on Combatting Commercial Crime

21/09/2022

Collaboration is needed to protect the public interest and maintain financial market integrity, said FRC chairman Kelvin Wong.

Reporting & Disclosures

ACCC to Commence Internet Sweep Targeting Greenwashing

21/09/2022

Businesses may be asked to substantiate their green claims. The ACCC may take enforcement action if consumers are being misled or deceived.

Payments & Settlements

BOT Details Plans to Upgrade Payment Systems

21/09/2022

The plans include the development of PromptBiz, a digital payment infrastructure system for the business sector.

Trading & Investment

China to Develop First Indexes of State-owned Enterprises

20/09/2022

The Shanghai Stock Exchange and China Reform Holdings will develop stock indexes of enterprises owned by the government.

Cryptocurrency

UK FCA Issues Warning Against Crypto Exchange FTX

20/09/2022

The FCA said FTX is targeting UK consumers without proper authorisation. FTX believes a scammer is impersonating the company.

Cloud & Infrastructure

MAS, IFSCA Sign FinTech Cooperation Agreement

20/09/2022

MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.