Market Infrastructure

China, Hong Kong Pilot Cross-boundary Credit Referencing

01/07/2024

The MoU between the HMKA and PBOC on cross-boundary commercial credit data connectivity is “essential” for healthy development of the banking sector.

AML / KYC

Australia Law Body Issues Guidance on AML

01/07/2024

The guidance will safeguard  legal practitioners from being “unwittingly” misused by financial criminals.

Market Infrastructure

HKMA, PBOC To Establish Cross-border Payment Link

01/07/2024

The cross-boundary payment and settlement scheme will enhance economic activities between Hong Kong and the Mainland.

Fintech / Regtech

Hong Kong’s FSDC Calls for Adoption of Digital ID System

29/06/2024

The FSDC report recommends establishing a trust framework for the digital ID ecosystem and enabling interoperability through improved legal measures.

Market Infrastructure

ASX to Deliver First Phase of CHESS Replacement in 2026

29/06/2024

ASX has confirmed it will target delivery of the first phase of its CHESS replacement project in 2026.

Securities / Derivatives

HKEX To Launch Weekly Hang Seng Tech Index Options in September

28/06/2024

HKEX says the weekly Hang Seng Index options aims to meet the trading and risk management needs of investors.

Crypto / Digital Assets

HKMA, BDF To Collaborate on Cross-border CBDC Experiments

28/06/2024

The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.

Market Infrastructure

ANZ-Suncorp Merger Approved with ‘Strict’ Conditions

28/06/2024

Treasurer Jim Chalmers has allowed ANZ to acquire Suncorp Bank but has prohibited branch closures and job cuts for the next three years.

AML / KYC

Australia Introduces Legislation for SMS Sender ID Register

27/06/2024

The new legislation allows for the establishment of an SMS Sender ID Register to help fight scams.