AML / KYC

Taiwan Launches Action Plan to Boost Anti-Fraud Effort

21/06/2023

The action plan includes measures to identify, block, prevent and punish fraud, and improve seizure and recovery practices.

Fintech / Regtech

SFC Grants Securities Licence to Virtual Bank for the First Time

21/06/2023

With the new licence, Mox Bank will start piloting Hong Kong and US equity trading services in the HKMA sandbox “soon”.

Crypto / Digital Assets

BIS Offers Blueprint for Future Monetary & Financial System

21/06/2023

The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

Capital / Liquidity

China Urges Greater Use of Digital Means for Cross-border Business

21/06/2023

PBOC and SAFE issued a draft notice allowing banks to conduct capital account business online for market players by using electronic documents.

Hong Kong Banks Partner with ECIC on Export Loan Risk Sharing

21/06/2023

The risk-sharing arrangement will make it easier for Hong Kong firms to obtain credit insurance and bank financing for trade with the mainland.

Capital / Liquidity

Initial Margin Breaches Surged in March at JSCC JGB Division

20/06/2023

The JSCC reportedly attributed the rise in breaches to interest rate volatility triggered by banking turmoil in the US in March.

Capital / Liquidity

BOE to Include Hedge Funds, Pension Funds in Scenario Exercises

20/06/2023

The system-wide exploratory scenario will encompasses hedge funds and pension funds alongside large banks, insurers, and CCPs for the first time.

ESG / Sustainability

IFRS Foundation Opens New ISSB Office in Beijing

20/06/2023

Beijing Vice Mayor Linmao Xia said the government will actively support the promotion and application of the IFRS Sustainability Disclosure Standards in China.

Securities / Derivatives

Malaysia Announces Measures to Boost Capital Market Vibrancy

20/06/2023

The stamp duty rate payable on stock trades is being reduced by a third to lower the cost of transactions, especially for retail investors.