Market Infrastructure

Hong Kong, Shenzhen Forms Financial Cooperation Committee

14/06/2024

The committee will seek to foster deeper financial cooperation between Hong Kong and Shenzhen financial markets.

Fintech / Regtech

SZSE to Help HKEX Develop Integrated Fund Platform

14/06/2024

HKEX’s Integrated Fund Platform will enable market participants to more effectively distribute fund products to clients.

Market Infrastructure

NZ Minister Orders Inquiry into Banking Competition

14/06/2024

The Select Committee inquiry will examine banking competition, focusing on business and rural banking and lending.

HKMA Directs Banks to Review Insurance Referral Business

14/06/2024

The HKMA asked banks to assess their compliance with prohibitions on the use of unlicensed agents to target Mainland customers.

AML / KYC

Westpac Enhances Security Features to Protect Against Scams

13/06/2024

Westpac’s Ben Young said the new security features will help individuals and small businesses identify potential scams before they have made a payment,

Market Infrastructure

APRA Finalises Operational Risk Management Guidance

13/06/2024

The guidance is designed to help FIs implement the new cross-industry standard on operational risk management.

Enforcement

ASIC Issues First Stop Order Targeting Crowdfunding Campaign

13/06/2024

ASIC issued an interim stop order against a crowd-sourced funding campaign because of its use of a nominee arrangement.

Hong Kong: New Sovereign Fund Starts Deploying Capital

13/06/2024

The HKIC, established in 2022, will make its first batch of investments in start-ups beginning this month.

Securities / Derivatives

New Zealand FMA Proposes New Rules for Derivatives Issuers

12/06/2024

The FMA proposes to limit the amount of leverage that derivative issuers can offer, and to require them to conduct suitability checks.