Enforcement

HKEX Official Arrested in ICAC-SFC Joint Operation

27/06/2019

The ICAC has arrested the former joint head of IPO vetting for HKEX, and two others, for “suspected corruption and misconduct” in relation to the vetting of listing applications.

Fintech / Regtech

GFiN Publishes Report Reflecting on First Year of Work

27/06/2019

The Global Financial Innovation Network has published a report reflecting on its work  over the past year, and its ambitions for the future.

Fintech / Regtech

Australian Fintechs Says Banks Are Delaying NPP Adoption

27/06/2019

Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.

Fintech / Regtech

Singapore, Indonesia to Launch Cross Border QR Payments

27/06/2019

Singapore’s Liquid Group and Indonesia’s CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.

Capital / Liquidity

FSB Chair Issues Letter to G20 Ahead of Osaka Summit

27/06/2019

The letter reports on the FSB’s work to monitor financial stability risks, reform implementation progress, and market fragmentation issues.

Capital / Liquidity

China Shadow Banking Assets Reach Two Year Low

26/06/2019

The crackdown on shadow banking activities will continue to moderate this year as China prioritises economic growth and smaller banks continue to face funding pressures, Moody’s said.

Fintech / Regtech

APRA Releases Finalised Guidance on Information Security

26/06/2019

The updated guidance is intended to help regulated entities comply with APRA’s new cross-industry prudential standard on information security, which comes into force on 1 July.

Capital / Liquidity

UPDATED – New Zealand to Introduce Bank Deposit Protection Regime

26/06/2019

The government is proposing a limit between NZD 30,000 and 50,000 for the deposit protection regime, which covers about 90% of individual bank deposits.

AML / KYC

US Court Finds Chinese Banks in Contempt in Sanctions Probe

26/06/2019

A US district court has reportedly found three Chinese state-owned banks in contempt for failing to comply with requests for evidence related to a North Korea sanction probe.