Markets & Infrastructure

Payments & Settlements

IFSCA Consults on Regulations for GIFT City Payment Firms

By Mark Johnston | 13/06/2023

The proposed regulations cover authorisation, supervision, governance arrangements, and risk management.

Conduct, Culture & Accountability

Taiwan FSC Raise Cap on Whistleblower Rewards by 25pc

By Editors | 13/06/2023

Whistleblowers can be paid up to TWD 5 million (USD 161,000) for reporting illegality, financial misconduct and fraud.

Structural Regulation

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

By Sanday Chongo Kabange | 13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

Trading & Investment

Bursa Malaysia Expands List of Securities Approved for Short-Selling

By Sanday Chongo Kabange | 13/06/2023

Bursa Malaysia is expanding its list of securities approved for securities borrowing, securities lending and short selling.

Structural Regulation

Hong Kong Launches Network of Family Office Service Providers

By Sanday Chongo Kabange | 13/06/2023

The ‘Network of Family Office Service Providers’ will seek to support local and global family offices in setting up or expanding in the Hong Kong market.

Fraud, Scams & Cybercrime

Taiwan FSC Fines Taishin Bank for Employee Misconduct

By Karen Ng | 13/06/2023

The misappropriation of client funds by a Taishin employee started from January 2011 and lasted for more than 11 years.

Conduct, Culture & Accountability

Japan SESC Seeks Penalties Against Banks That Sold Risky Bonds

By Sanday Chongo Kabange | 12/06/2023

The SESC is asking the FSA to penalised Chiba Bank and its subsidiaries for selling high-risk structured bonds to novice investors.

CBDCs

HKMA to Start ‘Paving the Way’ for e-HKD Implementation

By Manesh Samtani | 12/06/2023

The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.

Structural Regulation

CSRC Grants New Fund Manager Licence to Schroders

By Editors | 12/06/2023

Schroders becomes the fourth foreign-owned asset manager to set up businesses in China, after BlackRock, Fidelity Investments, and Neuberger Berman.