Enforcement

SFC Fines Interactive Brokers Over Expired Standing Authority

29/04/2025

Interactive Brokers loaned out client securities without first renewing the standing authority in place for securities borrowing and lending.

Fintech / Regtech

HKMA Opens Applications for Second Cohort of GenAI Sandbox

29/04/2025

HKMA is also introducing the “GenAI Sandbox Collaboratory”, a platform comprising practical workshops to facilitate early engagements between banks and tech firms.

Market Infrastructure

HKEX Prepares to Implement Minimum Spreads Reduction Plan

28/04/2025

HKEX has directed exchange participants to join an optional end-to-end to verify system changes needed to implement phase 1 minimum spreads reduction.

Market Infrastructure

SFC, HKMA Issue Guidance for New Derivatives Reporting Regime

28/04/2025

The documents provide clarifications and address concerns on the implementation of the updated OTC derivatives reporting requirements commencing in September.

Market Infrastructure

BSP Broadens Access to Foreign Exchange Hedging Instruments

28/04/2025

The BSP has implemented reforms to broaden Filipinos’ access to hedging instruments involving the Philippine peso

ESG / Sustainability

HKMA Unveils Key Priorities, Green Ambitions for 2025 and Beyond

28/04/2025

The HKMA’s 2025 priorities include measures to safeguard the banking sector from financial crime, credit risk, cyber risk and climate risks.

Market Infrastructure

HKEX Calls on Firms to Prepare for Handling Multi-Counter Securities

25/04/2025

HKSCC is asking market participants to review their internal systems and operation arrangements to ensure a smooth transition in June.

AML / KYC

New Zealand Announces New Anti-Scam Protections, Compensation Approach

24/04/2025

If a bank fails to identify certain transactions as high-risk, it will have to compensate the customer fully.

AML / KYC

NZ Regulators Consult on Design Approach for Basic Bank Accounts

24/04/2025

The CoFR is seeking input on three main approaches to develop and ensure the widespread availability of basic transaction or bank accounts in New Zealand.