AML / KYC

Japan Joins US in Sanctioning Hamas Fundraisers

31/10/2023

Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.

Fintech / Regtech

G7 Nations Agree on Code of Conduct for AI Systems

31/10/2023

The code of conduct for AI developers seeks to promote the development of “secure and trustworthy” AI systems internationally.

Securities / Derivatives

China Tweaks Rules to Boost Stock Investments by State-owned Insurers

31/10/2023

China’s MOF has adjusted its method for evaluating state-owned insurers to boost their appetite for equity investment.

Fintech / Regtech

BondbloX Opens Fractional Bond Trading Platform to Individual Investors

31/10/2023

Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.

Enforcement

Bank of England and FCA Consider Avoiding Regulatory Definition for AI

31/10/2023

Following industry feedback on the role of AI in finance, UK regulators to address wide ranging concerns including data regulation.

Fintech / Regtech

Hong Kong FSTB Launches GBA Fintech Internship Scheme

31/10/2023

The scheme aims to nurture fintech talent by allowing post-secondary students to gain practical experience at fintech firms across the Greater Bay Area.

Uncategorised

MAS Unveils Proposals to Tackle Mobile Malware and AI Threats

31/10/2023

As financial institutions increasingly turn to GenAI to refine their operations, the  CSAP underscored the urgency of strengthening cyber defences.

Crypto / Digital Assets

UnionBank Becomes First Philippine Bank to Obtain VASP Licence

31/10/2023

The bank said it will use the new licence to expand its offerings and provide clients a broader range of financial services powered by blockchain.

Market Infrastructure

Hong Kong Gazettes IBOR-related Amendments to Clearing Rules

31/10/2023

Subject to negative vetting by LegCo, the rule changes will commence on 1 July 2024.