Payments & Settlements

HKMA Directs Banks to Use Name Matching in Fund Transfers

21/12/2021

Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.

CBDCs

ISSA Explores CBDC Impacts to Post-Trade Settlement

21/12/2021

CBDC is a critical and likely enabler for DLT-based securities settlement and collateral management, with stablecoins providing a possible alternative, the paper says.

Structural Regulation

Bursa Malaysia to Become Approval Authority for ACE Market IPOs

21/12/2021

Under the new regulatory framework, the listing process for ACE Market IPOs has been streamlined to enhance fundraising efficiency for Malaysian corporations.

Trading & Investment

China to Expand Shanghai-London Stock Connect

21/12/2021

Under the proposed rules, the Stock Connect scheme will be expanded to allow participation from companies listed in Shenzhen, Switzerland and Germany.

Trading & Investment

‘SOFR First’ Concludes with Publication of User Guide

21/12/2021

The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.

DeFi & Web3

Global Regulatory Framework for Crypto Likely Next Year

21/12/2021

Benoît Cœuré said the “wake-up call” for regulators has been the rapid growth of DeFi, as its interconnectedness with traditional finance creates potential systemic risk.

Reporting & Disclosures

TWSE Expands Scope of Sustainability Reporting Rules

21/12/2021

All TWSE listed companies with paid-in capital above TWD 2 billion will mandatorily have to file sustainability reports from 2023 onwards.

Anti-Money Laundering

HKMA Fines ePaylinks Technology for AML/CTF Breaches

20/12/2021

SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.

Trading & Investment

UBS, China Life to Set Up Asset Management JV – Report

20/12/2021

China Life and UBS have reportedly signed an MoU to set up the joint venture, though the formal launch will be subject to approval from the CBIRC.