Fintech / Regtech

BOT Confirms Plans to Pilot Retail CBDC in Q2 2022

24/08/2021

The CBDC will be cash-like and non-interest-bearing, to ensure that it does not compete with deposits or cause runs on financial institutions.

Market Infrastructure

HKEX Offers Electronic Dissemination of Corporate Actions Data

24/08/2021

Market participants will be able to receive information on corporate actions in the form of ISO messages via SWIFT from 27 September.

Market Infrastructure

ASX November Outage Caused By Hasty Trading System Launch

23/08/2021

An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.

Fintech / Regtech

China: More Smaller Lenders Set to Join Digital Yuan Pilot

22/08/2021

City Commercial Banks Clearing Company and the Rural Credit Bank Funds Clearing Centre have launched “one point integration” digital yuan systems.

Capital / Liquidity

APRA Issues Final Guidance on Credit Risk Management

21/08/2021

The guidance APG 220 is published in advance of finalising the standard APS 220, which is contingent on potential changes to consumer credit laws.

Securities / Derivatives

AMAC Issues Conduct Guidelines for Managers of Retail Funds

20/08/2021

Directors, supervisors and senior managers should “lead by example” and consciously advocate the implementation of a healthy industry culture.

China Drafts Rules Banning Unfair Competition by Tech Firms

20/08/2021

The proposed rules prohibit Internet platforms from facilitating unfair competition on the Internet or disrupting free market competition.

Crypto / Digital Assets

ASIC Warns Against Unlicensed Crypto Derivatives Trading

19/08/2021

ASIC has received reports that investors who used unlicensed crypto-trading platforms have suffered losses due to excessive leverage, platform outages, or unfair liquidations.

Enforcement

Australian Court Issues Fines in First Criminal Case of Bad Audits

19/08/2021

EC Audit and its former director Robert James Evett have been convicted and sentenced to pay fines for failing to follow auditing standards.