Fintech / Regtech

HSBC, HKTVmall Join Forces to Enhance Access to Trade Finance

11/02/2021

HSBC will leverage commercial data from HKTVmall to analyse and forecast business performance during credit assessment, making loan approval faster and simpler.

ESG / Sustainability

PBOC to Step Up Efforts to Advance Green Finance Agenda

11/02/2021

A comparative study is about to be completed, which will pave the way for the launch of a China-EU Shared Classification Catalogue for Green Finance later this year.

Market Infrastructure

G-SIBs to Spend Over $100m on IBOR Budget in 2021: EY

09/02/2021

Banks of all sizes felt most of their budget would be spent on technology, followed by legal contract repapering. A shortage of legal resources remains a clear risk.

Securities / Derivatives

HKEX Appoints JP Morgan’s Nicolas Aguzin as New CEO

09/02/2021

Aguzin is expected to help HKEX continue to build its competitiveness and support the ongoing growth and development of Hong Kong’s financial markets.

Market Infrastructure

Singapore: Enhanced Personal Data Protection Act Takes Effect

08/02/2021

The enhanced PDPA introduces mandatory data breach notification, criminal penalties for mishandling data, and a higher cap on penalties for breaches by large organisations.

AML / KYC

Greater Bay Regulators Sign MoU on Wealth Management Connect

07/02/2021

The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

Securities / Derivatives

Asian Regulators Issue Warnings as GameStop Remains in Focus

04/02/2021

Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

Securities / Derivatives

FSC Korea to Allow Partial Resumption of Short-selling in May

03/02/2021

By May, new rules will be in place to guard against illegal short selling, prevent abuse by market makers, and increase retail investor access to short-selling opportunities.

Market Infrastructure

MAS Outlines 2021 Plans to Continue Transitioning to SORA

02/02/2021

SOR will now end 18 months later to reflect the IBA’s plans, but the transition to SORA in cash products and derivatives markets will continue at pace.