Fintech / Regtech

Tiger Brokers Tests ‘TigerGPT’ Chatbot as Investment Assistant

14/04/2023

The OpenAI-powered chatbot is said to be the “first deployment of an AI investment assistant in the brokerage industry”.

MAS Maintains Monetary Policy Stance, Warns of Slow Growth

14/04/2023

MAS said its five successive monetary policy tightening moves since October 2021 have “tempered the momentum of price increases”.

Market Infrastructure

Japanese JCB Cards to be Accepted in Saudi Arabia

14/04/2023

JCB cards will be accepted at Points of Sale and ATMs across Saudi Arabia through a partnership with Saudi National Bank.

AML / KYC

UPDATED – Singapore Bankers Asked to Avoid Discussing Inflows from China

14/04/2023

Regulators asked private bankers to avoid attributing large fund inflows to Chinese wealth as this is seen as a politically sensitive issue.

Crypto / Digital Assets

LCH to Start Clearing BTC Futures and Options in Q4

14/04/2023

LCH will clear Bitcoin index futures and options contracts traded on GFO-X, an FCA-regulated digital asset derivatives trading venue.

Korea to Establish New Fund to Support Corporate Restructuring

14/04/2023

State-run banks and the private sector will contribute KRW 1 trillion to the fund, which will be operated by KAMCO.

Almost $3b Locked Up in Hong Kong MPF Accounts

14/04/2023

Advocacy group Hong Kong Watch estimates 96,000 people are being prevented from access their MPF funds after they moved to the UK with BNO passports.

Enforcement

ATO to Compel Banks to Hand Over Landlord Data in Tax Probe

13/04/2023

The Australian Taxation Office is seeking to identify individuals who are failing to meet their tax obligations on residential investment properties.

Capital / Liquidity

Taiwan FSC Orders Insurers to Raise RBC Ratios or Face Takeover

13/04/2023

The FSC has ordered CTBC, Fubon, Tokio Marine and Hotai to raise capital by the end of June this year or face takeover within 90 days.