Fintech / Regtech

China Enhances Monitoring of Programme Trading in Stock Market

05/09/2023

The enhanced monitoring programme seeks to address concerns over rising algorithmic trade-driven market volatility.

Hong Kong Launches Loan Guarantee Scheme for Electric Taxis

05/09/2023

Fully guaranteed loans are being provided to taxi owners to encourage them to replace their LPG, petrol or hybrid taxis with electric taxis

Germany’s BaFin Suffering DDoS Attack Since Friday

04/09/2023

BaFin apologised for the inconvenience and said it is working “intensively” to restore full access to its website.

Crypto / Digital Assets

Japan FSA Asks Government to Review Crypto Tax Policy

04/09/2023

The FSA is seeking a review of the existing requirement for companies to pay tax on unrealised crypto gains.

Enforcement

ASIC Sues Westpac for Financial Hardship Misconduct

04/09/2023

ASIC said Westpac’s deficient process resulted in 229 customers not receiving a response to their hardship notice within the required 21 days.

AML / KYC

Crypto Travel Rule Comes into Force in the UK

04/09/2023

The UK is now one of several jurisdictions to have now implemented the travel rule for the crypto sector.

Crypto / Digital Assets

Swift Publishes Findings from Tokenisation Experiments

04/09/2023

Swift says its existing infrastructure can provide a single point of entry for FIs to move tokenised assets across blockchains.

MAS to Get New Managing Director, Menon to Step Down

04/09/2023

Ravi Menon will step down from his role as managing director of MAS and retire from public service on 1 January 2024.

Securities / Derivatives

CSRC Approves Fund Sales Licence for HSBC Subsidiary

04/09/2023

The HSBC subsidiary becomes the first wealth management firm to hold both an insurance brokerage and a fund sales licence in China.