Fintech / Regtech

Hong Kong’s FSDC Calls for Adoption of Digital ID System

29/06/2024

The FSDC report recommends establishing a trust framework for the digital ID ecosystem and enabling interoperability through improved legal measures.

Market Infrastructure

ASX to Deliver First Phase of CHESS Replacement in 2026

29/06/2024

ASX has confirmed it will target delivery of the first phase of its CHESS replacement project in 2026.

Securities / Derivatives

HKEX To Launch Weekly Hang Seng Tech Index Options in September

28/06/2024

HKEX says the weekly Hang Seng Index options aims to meet the trading and risk management needs of investors.

Crypto / Digital Assets

HKMA, BDF To Collaborate on Cross-border CBDC Experiments

28/06/2024

The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.

Market Infrastructure

ANZ-Suncorp Merger Approved with ‘Strict’ Conditions

28/06/2024

Treasurer Jim Chalmers has allowed ANZ to acquire Suncorp Bank but has prohibited branch closures and job cuts for the next three years.

AML / KYC

Australia Introduces Legislation for SMS Sender ID Register

27/06/2024

The new legislation allows for the establishment of an SMS Sender ID Register to help fight scams.

ASIC Approves Updated Banking Code of Practice

27/06/2024

The revised Banking Code of Practice improves protections for consumers and small businesses and will commence on 28 February 2025.

Enforcement

SFC Bars Former Securities Exec Over Secret Trading Account

27/06/2024

The former chief operations officer of DA International Financial Service violated the company’s employee dealing policy.

Market Infrastructure

Hong Kong Launches New eMPF Platform

27/06/2024

YF Life is the first MPF trustee to move to the new eMPF platform. The migration of all 12 trustees is set to be completed by the end of next year.