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Anti-Bribery & Corruption
HKEX Official Arrested in ICAC-SFC Joint Operation
By Editors | 27/06/2019
The ICAC has arrested the former joint head of IPO vetting for HKEX, and two others, for “suspected corruption and misconduct” in relation to the vetting of listing applications.
Cloud & Infrastructure
GFiN Publishes Report Reflecting on First Year of Work
By Editors | 27/06/2019
The Global Financial Innovation Network has published a report reflecting on its work over the past year, and its ambitions for the future.
Payments & Settlements
Australian Fintechs Says Banks Are Delaying NPP Adoption
By Editors | 27/06/2019
Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.
Payments & Settlements
Singapore, Indonesia to Launch Cross Border QR Payments
By Editors | 27/06/2019
Singapore’s Liquid Group and Indonesia’s CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.
Emerging Prudential Risks
FSB Chair Issues Letter to G20 Ahead of Osaka Summit
By Editors | 27/06/2019
The letter reports on the FSB’s work to monitor financial stability risks, reform implementation progress, and market fragmentation issues.
Resolution & Recovery
UPDATED – New Zealand to Introduce Bank Deposit Protection Regime
By Editors | 26/06/2019
The government is proposing a limit between NZD 30,000 and 50,000 for the deposit protection regime, which covers about 90% of individual bank deposits.
Structural Regulation
APRA Extends Change of Ownership Powers to Super Sector
By Editors | 26/06/2019
From 5 July, any party seeking to acquire more than a 15% stake in a superannuation licensee will be subject to must apply to APRA first for approval.
Conduct, Culture & Accountability
RBI Launches Online Platform for Financial Complaints
By Editors | 25/06/2019
The new Complaint Management System allows customers of regulated financial entities in India to lodge complaints against those entities online.
Conduct, Culture & Accountability
New Zealand Banks Commit to Ending Sales-Linked Incentives
By Editors | 25/06/2019
FMA chief executive Rob Everett and RBNZ governor Adrian Orr have confirmed that all banks have committed to removing sales incentives for frontline staff and their managers.
Data Privacy
Regulatory Coordination Needed to Mitigate BigTech Risks: BIS
By Editors | 25/06/2019
An element of risk is BigTechs’ access to data from existing social media, search engines and ecommerce platforms, which raises competition and data privacy issues.
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