MARKET INFRASTRUCTURE

    Fintech / Regtech

    China Launches Data Platform for Wealth Management Sector

    By Sanday Chongo Kabange | 27/01/2022

    The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.

    Market Infrastructure

    BSP Introduces Multiple Batch Settlement to PESONet

    By Ranamita Chakraborty | 26/01/2022

    The change increases PESONet’s daily batch settlement to two cycles, enabling better risk management for FIs and greater convenience for customers.

    Market Infrastructure

    Guangdong to Establish New International Bank Under GBA Plan

    By Sanday Chongo Kabange | 26/01/2022

    A futures exchange centre also be established to support the SZSE in implementing a whole-market registration system.

    Fintech / Regtech

    China Tightens Rules on Internet Platform Companies

    By Sanday Chongo Kabange | 26/01/2022

    The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.

    Fintech / Regtech

    HKMA Issues Regtech Guide on Managing Cyber Risk

    By Manesh Samtani | 26/01/2022

    The guide will help banks apply Regtech solutions for cyber risk management, including to address risks from container technology and remote working.

    Market Infrastructure

    China Issues Guidelines of Identifying Critical Data

    By Darien Choong | 25/01/2022

    The guidelines support the protection of critical data, while also serving as a reference for companies and authorities to classify and describe their data.

    Market Infrastructure

    China Issues Foundational Rules to Connect Bond Markets

    By Darien Choong | 25/01/2022

    Participants will be able to access the interbank and exchange-traded bond markets without having to open separate accounts.

    Big Picture

    IMF Commends Hong Kong Efforts to Safeguard Stability

    By Manesh Samtani | 23/01/2022

    Hong Kong banks’ exposures to the mainland property market warrant continued close monitoring and periodic stress testing.

    Market Infrastructure

    RBNZ, FMA Releases Finalised Framework for FMIs

    By Sanday Chongo Kabange | 21/01/2022

    Changes from the consultation relate to the treatment of critical service providers and introduce discretion regarding the publication of material breaches.

    Market Infrastructure

    China to Launch Nationwide Credit Risk Classification System

    By Darien Choong | 21/01/2022

    Every enterprise will be categorised according to their risk profiles. The grades will be used to signal risk and early warnings.

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