Market Infrastructure

Indonesia, UAE Central Banks Enhance Payments Cooperation

22/07/2024

BI and CBUAE will create a cross-border QR payment linkage that will use direct local currency exchange rate quotations from appointed dealer banks.

Market Infrastructure

HKEX to Allow Secondary Listings from UAE Stock Exchanges

22/07/2024

Companies with primary listings at Abu Dhabi Securities Exchange and Dubai Financial Market can apply for a secondary listing in Hong Kong.

NZ FMA Urges FIs to Enhance Fair Treatment of Customers

19/07/2024

The FMA asks FIs to use findings from a recent consumer survey to enhance their practices for ensuring fair treatment of customers.

Crypto / Digital Assets

HKMA Names First Participants of Stablecoin Sandbox

19/07/2024

The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

Enforcement

APRA Reduces Westpac’s Operational Risk Capital Add-on

19/07/2024

APRA reduced Westpac’s A$1bn operational risk capital add-on by half in response to progress made to address risk governance concerns.

Fintech / Regtech

KRX Commences Work on Short Selling Monitoring System

19/07/2024

KRX plans to recruit contractors early next month to work on the new monitoring system, which will launch by the end of March next year.

Securities / Derivatives

BSP Issues New Guidelines on FX Reporting and Penalties

18/07/2024

The BSP says reporting entities have until 31 December to make the necessary preparations and adjustments to their systems and processes.

Crypto / Digital Assets

Hong Kong Publishes Results from Stablecoin Consultation

18/07/2024

Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

Market Infrastructure

SFC to Implement New Paperless Securities Regime by End 2025

17/07/2024

The SFC aims to implement the new regime towards the end of 2025, but give companies until end-2030 to transition.