Market Infrastructure

APRA to Develop Cross-Industry Stress-Testing Framework

30/08/2023

APRA will explore how shocks may be mitigated or propagated by interactions between banking, insurance, and superannuation.

Enforcement

SFC, ICAC Acts Against Suspected Market Manipulation Syndicate

30/08/2023

One person was arrested on bribery charges. Brokerage accounts linked to the manipulation scheme were frozen.

Market Infrastructure

HK Establishes Task Force on Enhancing Stock Market Liquidity

30/08/2023

The task force will review factors affecting stock market liquidity including the stamp duty and make policy recommendations.

AML / KYC

Australia Abruptly Halts Business Registers Upgrade Project

29/08/2023

Australia is stopping work on its business registers modernisation programme due to its excessive cost and expected time-to-completion.

Fintech / Regtech

Korea Seeks to Export Financial Infrastructure to Overseas Markets

28/08/2023

The FSC is working on plans to boost exports of Korean financial infrastructure to overseas markets such as in Southeast Asia.

Market Infrastructure

Vietnam Joins ASEAN Payment Connectivity Initiative

28/08/2023

The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.

Fintech / Regtech

HKMA Announces Expanded Scope of Fintech Push

28/08/2023

The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.

Capital / Liquidity

SFC Finalises Risk Management Guidelines for Futures Brokers

28/08/2023

The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.