Enforcement

Westpac Fined A$9.8m for 2016 Pre-Hedging Case

31/01/2024

Westpac will pay the maximum penalty of A$1.8mn allowed in 2016 for unconscionable conduct and another A$8mn for ASIC’s costs.

Fintech / Regtech

HKMA, BOT to Enhance Cross-border Collaboration

31/01/2024

HKMA and BOT will explore the use of local currencies in cross-border trade and collaboration in financial digitalisation, fintech, and sustainable finance.

Enforcement

Korea Increases Rewards for Capital Market Whistleblowers

31/01/2024

Whistleblower reports can also be filed anonymously, to better protect reporters of unfair transactions and market misconduct.

AML / KYC

Taiwan Launches Campaign to Drive Anti Fraud Innovation

31/01/2024

The campaign will use seminars, co-creation workshops, and pilot testing to promote innovative approaches to combatting fraud.

Market Infrastructure

SGX, IDX to Explore Dual Listings Under New MoU

30/01/2024

SGX and IDX will explore collaboration on depositary receipts, ETF cross-listings, index development, and dual listings.

Fintech / Regtech

BOT, SET Push New Digital Payments Infrastructure on Businesses

30/01/2024

The BOT and SET are promoting the use of a new payment infrastructure called “PromptBiz” to facilitate the digitalisation of the business sector.

Securities / Derivatives

KOFIA to Draw Up Measures to Resolve ‘Korea Discount’

25/01/2024

Measures include inducing listed companies to improve their dividend payout ratios and enhance investment returns for shareholders.

Market Infrastructure

HKMA, PBOC Unveil Policy Measures to Deepen Financial Cooperation

25/01/2024

Securities firms are allowed to sell financial products directly via Wealth Connect and the individual investor quota has been tripled.

AML / KYC

HKMA Proposes to Extend FINEST to Personal Account Data

24/01/2024

The HKMA is seeking to extend FINEST, a bank-to-bank information sharing platform launched in June, to allow sharing of personal account information.