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Fintech / Regtech
HKMA Suspends E-wallet Auto Top-Up Service Amid Fraud Reports
By Garima Chitkara | 26/10/2018
Approximately HKD 180,000 was stolen from customers just three weeks after the launch of a service allowing automatic top-ups of e-wallets by direct debit from bank accounts.
Crypto / Digital Assets
Sibos: New Digital Economy Places Customer Needs in Focus
By Matthew Chan | 25/10/2018
As Australia’s banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.
Market Infrastructure
JPX, TOCOM Initiate Discussions to Consolidate Operations
By Editors | 25/10/2018
Discussions aimed at creating an integrated exchange offering both securities and commodities to boost competitiveness and attract global participants.
Market Infrastructure
Bond Connect Credited for Rapid Growth of China ABS Market
By Manesh Samtani | 25/10/2018
China’s onshore ABS market has been growing rapidly since the launch of Bond Connect last year, according to panellists at IMN’s Asian Structured Credit Summit.
Market Infrastructure
Market Needs to Do More to Prepare for End of LIBOR – ASIC, RBA
By Garima Chitkara | 24/10/2018
Participants need to be clear that the LIBOR will end after 2021 and prepare to deal with the challenges this presents, Australian regulators said at the ISDA Annual Australia Conference.
Capital / Liquidity
HKMA to Adopt BCBS Guidelines on Stress Testing
By Editors | 23/10/2018
Authorised institutions should review and strengthen stress testing frameworks and practices taking account of BCBS’ stress testing principles, the HKMA says.
Market Infrastructure
Banks Team Up to Develop Digital Trade Finance Network
By Manesh Samtani | 23/10/2018
The ‘Trade Information Network’ is expected to be production-ready by Q3 2019, representing the “first inclusive global multi-bank, multi-corporate network in trade finance”.
Market Infrastructure
SWIFT gpi Instant Cross-Border Payments Trial Hailed a Success
By Manesh Samtani | 22/10/2018
All payments during the trial were processed end-to-end within 60 seconds, demonstrating the service’s capabilities to scale and integrate with other real-time payment systems.
Market Infrastructure
HKEX Launches Commodity Exchange in Shenzhen
By Editors | 22/10/2018
The Qianhai Mercantile Exchange, controlled by HKEX, unexpectedly began spot trading in alumina on Friday, according to a Reuters report.
Fintech / Regtech
Japan FSA Updates Financial Sector Cyber Policy
By Manesh Samtani | 21/10/2018
Japan’s financial infrastructure may come under attack in the lead-up to the 2020 Tokyo Olympics, the FSA says as it prepares to guard against potential large-scale incidents.
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