Payments & Settlements

China Launches Unified Account Inquiry Platform for Fund Investors

23/04/2024

The platform provides a “one-stop” service for investors to query information about their holdings in public funds, regardless of fund manager or sales channel.

Credit Risk

Malaysia to Regulate BNPL Under New Consumer Credit Act

23/04/2024

The government and regulators are reportedly formulating a new Consumer Credit Act that will capture non-bank entities including BNPL providers.

Credit Risk

Hong Kong Launches New ‘One-Stop’ Platform for SMEs

23/04/2024

The new ‘one-stop SME platform’ enables SMEs to “shop around” for lending services offered by the major banks.

Cryptocurrency

Thailand to Start Blocking Unlicensed Crypto Providers

23/04/2024

Thailand’s SEC and MDES will start blocking unlicensed digital asset platforms in the country to curb money laundering and online crime.

Climate Risk

BSP Completes Self-Assessment Against Climate Risk

22/04/2024

The assessment generated  recommendations including for BSP to enhance its emergency response systems and business continuity strategies.

Anti-Money Laundering

AUSTRAC Fines Eight Firms for Compliance Report Nonsubmission

22/04/2024

AUSTRAC issued infringement notices to eight firms that failed to submit their annual compliance reports.

Trading & Investment

Philippines Scraps Minimum Commission Rule for Stockbrokers

21/04/2024

The SEC says the removal of the minimum commission requirement will boost stock market activity and draw in retail investors.

Fraud, Scams & Cybercrime

NZBA Calls for Scam Prevention Support from Government

19/04/2024

The NZBA wants the government to set anti-scam expectations for other industries in the scam ecosystem besides banking.

Clearing & Post-Trade

ASX Consults on Incentives for CHESS Project Participation

19/04/2024

ASX is consulting on payment options and incentives to enhance engagement and testing activities for the CHESS Replacement project.