Fintech / Regtech

Cambodia Launches Cross-Institutional Payment System for ATM, POS Services

13/07/2023

The Cambodian Shared Switch aims to enhance payment transactions through payment cards in Cambodia.

Securities / Derivatives

UK Seeks to Undo EU Restrictions on Short-Selling Gilts

13/07/2023

HM Treasury proposes to eliminate EU-mandated rules that govern investors’ short positions in government debt and credit-default swaps.

Big Picture

HKIMR Report Urges Focus on Financial Inclusion and Sustainable Innovation

13/07/2023

The report highlights the need for continuous investments in human capital and skills development to foster innovation.

HK Privacy Commissioner Issues Guidance on Data Breach Handling

13/07/2023

The guidance emphasises the need for organisations to develop comprehensive data breach response and post-incident action plans.

Hong Kong Enacts Amendments to Facilitate Electronic Submissions to Official Receiver

12/07/2023

The focus of the amendments is to facilitate the electronic submission of specific documents to the Official Receiver, allow for electronic proxies, and introduce other improvements.

Fintech / Regtech

NZ’s FMA Issues Proposal to Enhance Industry Operational, Cyber Resilience

12/07/2023

If a licensee experiences a significant disruption, they must promptly notify the FMA no later than 72 hours after the incident.

Capital / Liquidity

HKMA Announces Orderly Exit from Loan Holiday Scheme

12/07/2023

The Pre-approved Principal Payment Holiday Scheme has “fulfilled its purpose and an orderly exit should commence”.

ACCC Launches Inquiry into Data Broker Services

12/07/2023

The inquiry will concentrate on third-party data brokers that gather information from external sources and share or sell it to other organisations.

AML / KYC

Australia: Crown Casinos Ordered to Pay Record Breaking Penalty

12/07/2023

Crown will pay A$125mn now, A$125mn within a year, and the remaining A$200mn within two years for AML/CTF breaches.