The scheme will ensure that consumers and small businesses receive a payout in cases where compensation has been awarded but the financial services provider is unable to pay.
Participants said the exponential growth in data volume means the financial services industry must consider implementing regtech as an 'imperative' to undertake risk management and compliance functions.
ISDA proposes 8 principles sanctions authorities can consider to ensure safe operation of markets, and minimise derivatives market disruption and economic consequences for non-sanctioned entities.
The updates are a response to the Royal Commission, which called on both regulators to reform their internal accountability frameworks to reflect requirements prescribed by BEAR.
HKEX hopes to shorten Hong Kong's five-day IPO settlement process to just one day by end-2020.
The FSC will allow non-face-to-face account opening by foreigners residing in Korea, and by legal representatives of corporations.
The asset manager was fined HK$2.5mn for filing 339 incorrect or late notifiable interest disclosures to the SEHK and eight listed companies.
PayPal's acquisition of a majority stake in Gopay gives it access to licences that allow it to offer online, mobile and cross-border renminbi payments.
The former head of HSBC's North American interest rates business allegedly manipulated prices for five-year basis swaps used to price a bond issuance and a related swap.
The changes add expectations that sustainability issues will be considered in the investment process, and introduce expectations for service providers.