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.

Cloud & Infrastructure

BSP Delays Implementation of New Data Collection System

26/06/2024

The implementation of BSP’s new ITRS has been deferred to 2025 to allow banks to address “emerging technical and report-related concerns”.

Trading & Investment

HKIFA, KPMG Call for Further Enhancement of Cross-Border Schemes

26/06/2024

The report said that strengthening cross-border schemes and tax incentives would boost the asset management industry.

Structural Regulation

Mizuho Seeking Approval to Establish China Securities Unit

26/06/2024

The CSRC has officially accepted an application from Mizuho seeking the establishment of a securities company in China.

DeFi & Web3

Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports

26/06/2024

HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Cryptocurrency

Korea Approves Enforcement Decree for New Virtual Assets Law

26/06/2024

The enforcement decree mandates requirements on the safe storage of virtual assets and regulates unfair trading activities.