Market Infrastructure

HKMA Refines Bank-to-SVF Direct Debit Process to Prevent Fraud

29/10/2018

Banks and stored value facility operators are asked to adopt a ‘refined process’ in setting up direct debit authorisations to top-up e-wallets following last week’s fraud reports.

Enforcement

CBIRC Fines 13 Lenders for Failing to Monitor Consumer Loan Borrowers

26/10/2018

The regulator is trying to prevent the use of consumer credit in speculative investments as part of its efforts to curb risks to the financial system.

AML / KYC

Taiwan FIs Need to Be Prepared for APG Mutual Evaluation – FSC

26/10/2018

The Asia/Pacific Group on Money Laundering will conduct its mutual evaluation of Taiwan and its financial institutions from 5 November until 16 November.

Fintech / Regtech

India’s Cabinet Approves Singapore MoU on Fintech Cooperation

25/10/2018

The MoU was signed in June to establish an India-Singapore joint working group aimed at strengthening fintech cooperation.

Market Infrastructure

JPX, TOCOM Initiate Discussions to Consolidate Operations

25/10/2018

Discussions aimed at creating an integrated exchange offering both securities and commodities to boost competitiveness and attract global participants.

Capital / Liquidity

HKMA to Adopt BCBS Guidelines on Stress Testing

23/10/2018

Authorised institutions should review and strengthen stress testing frameworks and practices taking account of BCBS’ stress testing principles, the HKMA says.

Capital / Liquidity

China’s Banks Have Strongest Credit Profile Among BRICS – Moody’s

23/10/2018

Chinese banks have the lowest ratio of problems loans among BRICS nations, whereas Indian banks suffer from weak asset quality and profitability.

Market Infrastructure

HKEX Launches Commodity Exchange in Shenzhen

22/10/2018

The Qianhai Mercantile Exchange, controlled by HKEX, unexpectedly began spot trading in alumina on Friday, according to a Reuters report.

AML / KYC

Revised HKMA Guidelines on AML/CFT to Take Effect from November

22/10/2018

The Guidelines are set to take effect from 1 November for authorised institutions and stored value facilities. The HKMA has also published its policy and supervisory approach.