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Market Infrastructure
Market Infrastructure
China, Hong Kong Pilot Cross-boundary Credit Referencing
By Sanday Chongo Kabange | 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
By Sanday Chongo Kabange | 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
By Sanday Chongo Kabange | 01/07/2024
The cross-boundary payment and settlement scheme will enhance economic activities between Hong Kong and the Mainland.
Market Infrastructure
EU Legislatoes Agree on MiFIR, MiFID II Revisions
By Editors | 30/06/2024
The revisions will establish EU-level ‘consolidated tapes’ for different kinds of assets, and impose a general ban on ‘payment for order flow’.
Fintech / Regtech
Hong Kong’s FSDC Calls for Adoption of Digital ID System
By Sanday Chongo Kabange | 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
By Sanday Chongo Kabange | 29/06/2024
ASX has confirmed it will target delivery of the first phase of its CHESS replacement project in 2026.
Market Infrastructure
ANZ-Suncorp Merger Approved with ‘Strict’ Conditions
By Sanday Chongo Kabange | 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.
Market Infrastructure
Malaysia Gazettes New Law to Strengthen Cyber Resilience
By Editors | 27/06/2024
The legislation will lead to new obligations for ‘National Critical Information Infrastructure’ sectors and a licensing regime for cyber security service providers.
Market Infrastructure
Hong Kong Launches New eMPF Platform
By Sanday Chongo Kabange | 27/06/2024
YF Life is the first MPF trustee to move to the new eMPF platform. The migration of all 12 trustees is set to be completed by the end of next year.
Market Infrastructure
RBA Eases Regulatory Burden for Small Securities Settlement Facilities
By Sanday Chongo Kabange | 27/06/2024
The RBA has expanded exemptions to accommodate the potential emergence of new, technologically innovative securities settlement facilities.
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