Crypto / Digital Assets

Philippine Crypto Firm Launches First Peso Stablecoin

09/07/2024

Coins.ph has launched its Peso-backed stablecoin to enhance efficiency and reduce costs of transactions and payments.

Enforcement

HK Financial Consultant Pleads Guilty in ICAC Fraud Case

09/07/2024

The consultant pleaded guilty in an investment fraud case that also involves three former StanChart relationship managers.

Capital / Liquidity

Hong Kong Passes Bill to Raise Depositor Protection Limit

09/07/2024

The bill will raise the protection limit from the current HKD 500,000 to HKD 800,000, effective on 1 October 2024.

Fintech / Regtech

SFC to Introduce New Investment Product Authorisation Platform

09/07/2024

The new e-IP system will allow users to digitally submit new product applications and post-authorisation or registration submissions.

Enforcement

MPFA Fines HSBC for Non-compliant Referral Programme

09/07/2024

HSBC recruited and offered incentives to unregistered persons to refer corporate clients to the bank for MPF business.

Australia Introduces New Disclosure Rule for Public Companies

09/07/2024

All companies open to investment by the public must disclose all their subsidiaries, regardless of size or materiality.

Australia Tables Legislation to Adopt Global Minimum Tax

09/07/2024

The legislation will set a global and domestic minimum tax rate for multinational enterprise groups including banks.

ESG / Sustainability

ACCC Consults on Guidance for Sustainability Collaborations

08/07/2024

The guide is intended to assist businesses considering working together to achieve positive environmental outcomes without breaching Australian competition law.

Market Infrastructure

Senate Inquiry Recommends Complete Overhaul of ASIC

08/07/2024

Senator Andrew Bragg said too many Australians have been hurt by ASIC’s “persistent failure” to enforce the law and win prosecutions.