Crypto / Digital Assets

Australia Expected to Consult on Crypto Rules Within Weeks – Report

08/08/2023

The rules are expected to cover crypto custody and licensing for exchanges, as well as obligations for crypto firms to protect customer funds.

ESG / Sustainability

Hong Kong to Develop Roadmap for ISSB Standards Adoption

08/08/2023

A special working group will be established to work on the roadmap and make recommendations to the Green and Sustainable Finance Cross-Agency Steering Group.

AML / KYC

CBA Imposes Monthly Limit on Transfers to Crypto Exchanges

08/08/2023

Transfers to crypto exchanges beyond A$10,000 will be declined. In some cases, certain payments to crypto exchanges will be held for up to 24 hours, regardless of the amount.

Fintech / Regtech

MAS Earmarks S$150m to Propel Innovation in Financial Sector

08/08/2023

MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.

Securities / Derivatives

Chinese Banks Asked to Report More Granular FX Trading Data – Report

07/08/2023

Banks were asked to report detailed data, including quarterly and annual spot and currency derivative trading volume.

Capital / Liquidity

ChinaClear Lowers Reserve Funds Brokers Must Set Aside

07/08/2023

The change is expected to free up around CNY 30-40 billion of capital, and provide a boost to markets.

Securities / Derivatives

Australia Launches Review of Managed Investment Schemes Regime

07/08/2023

The consultation seeks feedback on a number of issues, including whether the wholesale client thresholds should be increased.

Market Infrastructure

China Pledges More Support for Private Enterprises

07/08/2023

The measures include more financial support for private enterprises including developers, easier visa rules, and tax exemptions.

Capital / Liquidity

HKMA Updates Timetable for Implementing Basel III Reforms

06/08/2023

The HKMA asks the banking industry for comments on the latest timetable by 4 September 2023.