Fintech / Regtech

Malaysia Launches New Initiative to Boost Fintech Development

04/08/2020

The Fintech Booster programme is expected to spur a more dynamic fintech ecosystem that can facilitate continued innovation in the financial services sector.

Enforcement

Chinese Regulators Complete Luckin Probe, Confirm Fraud

04/08/2020

The Ministry of Finance and State Administration for Market Regulation both intend to impose administrative penalties against Luckin Coffee for fraud.

AML / KYC

OFAC Sanctions Chinese Entity Over Human Rights Abuses

04/08/2020

The XPCC is considered by OFAC to be a paramilitary organisation with large commercial operations that that are likely to be impacted by US sanctions.

Securities / Derivatives

Taiwan FSC to Allow Banks to Develop New Financial Products

04/08/2020

Banks seeking to develop new wealth management products for high-asset customers can apply to the FSC before 15 September.

Securities / Derivatives

HKEX Launches Second Batch of MSCI Index Futures

04/08/2020

The next batch of contracts is due to be launched on 17 August, with the final four contracts still awaiting regulatory approval.

Fintech / Regtech

The Impact of Covid-19 on Fintech: Call for Response

04/08/2020

The Cambridge Centre for Alternative Finance, World Bank Group and World Economic Forum are calling for input on the impacts of Covid-19 on the fintech industry.

Securities / Derivatives

FSC Korea to Rein in Structured Products Issuance

03/08/2020

The FSC will impose new rules for securities firms on stress testing, liquidity management, leverage and mandatory FX hedging, among its measures to protect investors from risky products.

Market Infrastructure

IMF Publishes New Transparency Code for Central Banks

03/08/2020

The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.

Big Picture

Credit Stress Tests Critical to Safeguarding CCPs

03/08/2020

Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.