KYC & CDD

HKMA Issues Guidance on Banking Services for Higher-Risk Individuals

29/05/2026

The HKMA has told authorised institutions to ensure higher-risk individuals have access to basic banking services.

KYC & CDD

Hong Kong Banks Tighten Rules on Mainland Client Accounts

29/05/2026

Lenders are requiring new declarations on fund origins and raising account opening thresholds following new directives from local regulators.

Supervision & Enforcement

SFC Raids Hong Kong Offices of Two Chinese Brokerages

29/05/2026

The action is part of a wider crackdown on sponsor misconduct related to initial public offerings, which included documents and electronic devices being seized.

Trading & Investment

HKEX to Waive Fees, Launch Incentives to Revive Gold Futures

29/05/2026

The exchange is introducing a market-wide fee waiver and new liquidity programmes for its dormant USD-denominated gold futures contract to revitalise trading.

Clearing & Post-Trade

ASIC to Bring Euroclear Under Australian Licensing Regime

29/05/2026

Euroclear has 12 months to apply for a clearing and settlement facility licence after ASIC exercised new powers to bring it under local oversight.

Structural Regulation

SFC Chair: Hong Kong Must Become a ‘Value Platform’, Not Just a Listing Venue

29/05/2026

The chair of SFC has called on listed companies to improve governance and investor relations to address market imbalances and build long-term trust.

Trading & Investment

Philippines Eases Single-Issuer Limit for Unit Investment Trust Funds

29/05/2026

The BSP has raised the exposure limit for unit investment trust funds to give fund managers greater flexibility and help develop local capital markets.

Credit Risk

Korean Regulators to Conduct 'Frequent Monitoring' of Private Credit Exposures

28/05/2026

Regulators have announced enhanced monitoring of the rapidly growing asset class, citing global concerns, but assess the current risk to the financial system as manageable.

Operational Risk

Australia Court Fines Westpac A$26 Million for Hardship Notice Failures

28/05/2026

The Federal Court of Australia has penalised Westpac for “grossly negligent” system failures that left vulnerable customers without assistance for years.