Markets & Infrastructure

Trading & Investment

HKEX Announces Retirement of Key Executive Wilfred Yiu

By Sanday Chongo Kabange | 02/12/2024

Wilfred Yiu oversaw the implementation of the Connect programme expansion, ETF reforms, derivatives holiday trading, dual counter model, and severe weather trading.

PEPs & Sanctions

BRICS Nations Face ‘100% Tariffs’ if They Move Away from USD

By Editors | 02/12/2024

President-elect Trump said the BRICS nations will face “100% Tariffs” if they create a new BRICS currency or back any other currency to replace the US dollar.

Trading & Investment

SEBI to Make Stock Exchanges Interoperable to Guard Against Outages

By Editors | 02/12/2024

The NSE and BSE will act as alternative trading venues for each other when a technical glitch or outage occurs at either exchange.

Structural Regulation

Australia Passes Law Introducing New Rules for BNPL Services

By Thisanka Siripala | 02/12/2024

BNPL providers must adhere to requirements under the the National Consumer Credit Protection Act. ASIC will be tasked with regulating the sector.

Structural Regulation

FSC Korea Adjusts Criteria for Authorising Internet-only Banks

By Manesh Samtani | 02/12/2024

The FSC plans to add a statutory condition under the Banking Act that will allow it to suspend an internet-only bank’s operations if it cannot execute its business plan.

Market Abuse

ICAC Charges Former SFC Manager for Sharing Confidential Information

By Sanday Chongo Kabange | 02/12/2024

The former SFC manager shared confidential information about a 2023 rights issue to personal friends who used it to make HK$11mn in trading profit.

Structural Regulation

Australia Passes Law Giving ACCC Enhanced Merger Approval Powers

By Thisanka Siripala | 01/12/2024

The law introduces a mandatory notification system for mergers above certain thresholds and the ACCC will be the decision maker on approvals.

Conduct, Culture & Accountability

New Zealand’s Kiwibank Fined for Breaches of Fair Trading Act

By Nithya Subramanian | 29/11/2024

The Commerce Commission has penalised Kiwibank for overcharging 35,000 customers a total NZD 6.8 million.

PEPs & Sanctions

Russian Central Bank Intervenes to Support Crashing Ruble

By Manesh Samtani | 29/11/2024

The ruble’s sharp fall to levels not seen since March 2022 is attributed to sanctions imposed by the US on Gazprombank.