Fintech / Regtech

Australia Consults on Expanding CDR Regime to Non-Bank Lending

27/11/2024

The proposed draft rules will allow consumers to share their bank data with non‑bank lenders for products like residential mortgages and car loans.

Crypto / Digital Assets

ZA Bank Launches Crypto Trading Services for Retail Clients

25/11/2024

Leveraging a partnership with HashKey Exchange, ZA Bank has become the first bank in Asia to offer virtual asset trading services to retail users.

Securities / Derivatives

BSP to Ease Rules on Cross-Selling Financial Products

25/11/2024

The revised regulations will allow the cross-selling of financial products, including insurance and mutual funds, within financial conglomerates.

ASIC Targets Death Benefit Claims Handling at Super Funds

25/11/2024

ASIC issued notices on ten superannuation trustees requesting data and documents on their death benefit claims handling practices.

ESG / Sustainability

HKMA Launches ‘Professional Level’ ECF for Sustainable Finance

23/11/2024

The “Professional Level” of the ECF-GSF aims to help mid- and senior-level bankers develop professional competencies in Green and Sustainable Finance.

Enforcement

ASIC Sets Out Enforcement Priorities for 2025

20/11/2024

ASIC’s enforcement priorities reflect the increased risks consumers are facing that are being driven by cost of living pressures.

Fintech / Regtech

Australia Sets Out Roadmap for Ending Cheque Use

19/11/2024

Cheques will stop being issued by mid-2028 and stop being accepted on 30 September 2029.

Enforcement

ASX Files Defence in ASIC’s Misleading Statements Case

19/11/2024

CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.

Market Infrastructure

HKEX, HSIL Launch New Index Focused on Stock Connect

19/11/2024

The ‘Stock Connect China Enterprises Index’, or SCCEA, will track the largest Chinese companies under the Stock Connect scheme.