CBDCs

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

Conduct, Culture & Accountability

ASIC Warns on Using ‘Influencers’ to Promote Financial Products

22/03/2022

ASIC places responsibility firmly on AFS licensees to ensure that any influencers they use and the financial-related content they present complies with the law.

Conduct, Culture & Accountability

HKEX Censures Six Directors Over “Unchecked Spending Spree”

19/03/2022

The investment holding company spent over HK$60mn of company money to acquire luxury assets including a HK$24.5mn yacht, a HK$20mn diamond, seven cars, and 57 paintings.

Trading & Investment

Hong Kong’s First SPAC Listing Debuts on HKEX Main Board

18/03/2022

Aquila Acquisition Corporation was the first SPAC in Hong Kong to win approval from HKEX for a listing since the city’s SPAC listing regime was introduced.

Cryptocurrency

Australian Regulators Call for Action to Regulate Crypto Sector

18/03/2022

The RBA’s Philip Lowe, ASIC’s Joe Longo and APRA’s Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.

Trading & Investment

SFC Seeks to Allow Broker Participation in GBA Wealth Connect

18/03/2022

A hurdle that still needs to be overcome is that Hong Kong brokerages are currently prohibited from distribution and soliciting clients in mainland China.

Trading & Investment

Australian Super Funds Shy Away from Chinese Equities – Report

18/03/2022

China’s crackdown on certain sectors has left super fund executives fearing that direct equity exposures to China may not be worth the added risk.

Clearing & Post-Trade

FIA Progresses Initiative to Develop New Derivatives Standards

17/03/2022

FIA intends to launch an independent body to be called Derivatives Market Institute for Standards or DMIST in Q2 2022.

Anti-Money Laundering

NZ FIU Calls for Help to Combat Transnational Organised Crime

16/03/2022

Reporting entities are “uniquely positioned” to detect TNOC activity through the implementation of preventive measures and reporting to the FIU.