CBDCs

HKMA, BDF To Collaborate on Cross-border CBDC Experiments

28/06/2024

The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.

Structural Regulation

ANZ-Suncorp Merger Approved with ‘Strict’ Conditions

28/06/2024

Treasurer Jim Chalmers has allowed ANZ to acquire Suncorp Bank but has prohibited branch closures and job cuts for the next three years.

Fraud, Scams & Cybercrime

Australia Introduces Legislation for SMS Sender ID Register

27/06/2024

The new legislation allows for the establishment of an SMS Sender ID Register to help fight scams.

Conduct, Culture & Accountability

ASIC Approves Updated Banking Code of Practice

27/06/2024

The revised Banking Code of Practice improves protections for consumers and small businesses and will commence on 28 February 2025.

Market Abuse

SFC Bars Former Securities Exec Over Secret Trading Account

27/06/2024

The former chief operations officer of DA International Financial Service violated the company’s employee dealing policy.

Payments & Settlements

Hong Kong Launches New eMPF Platform

27/06/2024

YF Life is the first MPF trustee to move to the new eMPF platform. The migration of all 12 trustees is set to be completed by the end of next year.

Clearing & Post-Trade

RBA Eases Regulatory Burden for Small Securities Settlement Facilities

27/06/2024

The RBA has expanded exemptions to accommodate the potential emergence of new, technologically innovative securities settlement facilities.

Credit Risk

Korea Defers Next Two Phases of “Stressed DSR” Rules

27/06/2024

The FSC said the second phase of the “stressed DSR” rules will be implemented from 1 September, two months later than originally planned.

DeFi & Web3

HK LegCo Forms New Sub-committee on Web3 and Virtual Asset Growth

27/06/2024

The newly-formed committee will focus on developing regulatory frameworks, improvement of technology and investor safeguards.