Market Infrastructure

HKMA Requiring Banks to Develop Capability to Switch Between CRAs

20/12/2024

Retail banks must have agreements in place with more than one CRA by Jan 2025 and complete switch-over testing within Q2 2025

Fintech / Regtech

HKMA Announces First Batch of GenAI Sandbox Participants

20/12/2024

15 use cases from 10 banks and 4 technology partners were selected. Technical trials will commence in early 2025.

ESG / Sustainability

HKEX Welcomes Large Carbon Credit Transaction by Cathay Pacific

20/12/2024

Christopher Hui said the transaction sets a benchmark example for more transactions on HKEX’s Core Climate platform to follow.

Market Infrastructure

Hong Kong Forms Working Group to Lead Gold Market Development

20/12/2024

The working group will help to create a comprehensive ecosystem for Hong Kong’s new gold trading market, says Christopher Hui.

ESG / Sustainability

ACCC Issues Final Guidance on Sustainability Collaborations

19/12/2024

The guide informs businesses and other entities about the interaction between Australian competition law and sustainability collaborations.

Crypto / Digital Assets

SFC Issues Circular Offering Clarity on VATP Licensing Process

19/12/2024

VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.

Market Infrastructure

ANZ Expands Cross-border Payments Service to More Banks

19/12/2024

The service will allow more than 400 international banks to route inbound cross-border payments through Australia’s NPP.

Fintech / Regtech

HKEX Launches New Data Marketplace for Investors

19/12/2024

“HKEX Data Marketplace” will allow data users to access historical and reference data on securities and derivatives.

Crypto / Digital Assets

Hong Kong SFC Grants Four New Virtual Asset Licences

19/12/2024

The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants