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Enforcement
Australia Introduces Bill to Address Tax Adviser Misconduct
By Editors | 20/11/2023
Assistant Treasurer Stephen Jones said the bill introduces the “biggest government crackdown on tax adviser misconduct in Australian history”.
Market Infrastructure
Xi Jinping Pledges to Further Open China Market to Foreign Firms
By Editors | 20/11/2023
During Xi’s visit to the US, the two sides agreed to cooperate on addressing AI risks, climate change, and fentanyl trafficking.
Market Infrastructure
ASX Picks TATA, Accenture To Deliver CHESS Replacement
By Sanday Chongo Kabange | 20/11/2023
ASX says it selected TCS and Accenture after extensive evaluation of potential solution options and product vendors.
Fintech / Regtech
Hong Kong Launches Pilot Programme for Multiple-CRA Model
By Manesh Samtani | 20/11/2023
Participating individuals can obtain consumer credit reports from three CRAs, to review the accuracy of data and assess their overall service performance.
Fintech / Regtech
BIS Innovation Hub Unveils First Use Case for Project Mandala
By Editors | 20/11/2023
Project Mandala seeks to address disparate policy and regulatory frameworks across jurisdictions that hinder cross-border payments.
Fintech / Regtech
PBOC Allows Mastercard to Launch China Card Clearing Business
By Editors | 20/11/2023
Mastercard is the second overseas bank card clearing institution to enter the Chinese market, after an American Express unit was granted approval in 2020.
Crypto / Digital Assets
Japan FSA Allows ODX to Launch Security Token Trading Platform
By Editors | 20/11/2023
Osaka Digital Exchange said its new platform, to be known as “START”, will launch by the end of the year.
Market Infrastructure
Asian Firms Must Tackle T+1 Long Before May
By Javier Hernani Burzaco | 19/11/2023
European and APAC firms that act quickly to prepare for T+1 settlement in North America would gain a competitive advantage, writes Javier Hernani Burzaco.
Market Infrastructure
HKMA Updates Margin Financing Guidance Ahead of FINI Launch
By Editors | 19/11/2023
The revised SPM module provides further guidance on a “holistic approach to risk management” of share margin financing.
Market Infrastructure
China Issues New Regulatory Ratings Framework for Trust Companies
By Editors | 19/11/2023
Trust companies with poor regulatory rating results will be subject to greater supervisory attention or more extreme measures.
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