Capital / Liquidity

HKEX to Accept CGBs as Collateral for Swap Connect from 13 Jan

17/12/2024

From 13 January, China government bonds held through Bond Connect can be used as collateral for Northbound Swap Connect.

AML / KYC

AUSTRAC Sets AML/CTF Improvement Priorities for Reporting Entities

17/12/2024

AUSTRAC said wider board involvement is needed on ML/TF matters and firms should use tailored rules and triggers to prioritise high-risk investigations.

Fintech / Regtech

Cambodia, Vietnam Launch Cross-Border QR Payments Linkage

16/12/2024

The linkage allows Vietnamese and Cambodian visitors scan QR codes to make payments at merchants in each other’s countries.

Enforcement

ASIC Sues HSBC for Failing to Protect Customers from Scams

16/12/2024

ASIC says HSBC contravened the Corporations Act and Credit Act and caused customers to lose A$23mn from unauthorised payments.

Market Infrastructure

HKEX Introduces Fund Repository on Integrated Fund Platform

13/12/2024

HKEX said the Fund Repository will provide investors access to information on over 2,000 SFC-authorised funds.

Capital / Liquidity

RBNZ Amends Interim Solvency Standard for Insurers

13/12/2024

The RBNZ says the amendments will ensure sufficient capital is set aside against pricing risks as well as credit risk on bonds.

AML / KYC

AUSTRAC Offers Guidance on Filing Suspicious Matter Reports

13/12/2024

The guidance comes in the form of an e-learning module, to help regulated entities submit good-quality SMRs and avoid common mistakes.

Market Infrastructure

HKEX to Enhance Post-Trade Services for Cash Equities in 2025

13/12/2024

New post-trade features will be rolled out progressively on HKEX’s Orion Cash Platform (OCP) beginning in mid-2025.

Enforcement

Australia Court Orders Kraken to Pay A$8m for DDO Breaches

13/12/2024

ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.