Structural Regulation

Payments & Settlements

HKMA, PBOC to Pilot Cross-Boundary Payments Link in Mid-2025

By Sanday Chongo Kabange | 29/10/2024

The HKMA says a pilot launch for a cross-boundary payment linkage between Hong Kong’s FPS and China’s IBPS will tentatively launch in mid-2025.

Supervision & Enforcement

Taiwan FSC to Ease On-site Inspection Process – Report

By Nithya Subramanian | 27/10/2024

Banks and insurers have criticised the existing inspection process, saying it leads to inconsistencies in enforcement, contradictory orders, and delays of business activities.

Payments & Settlements

Paytm Gains NPCI Approval to Onboard New UPI Users

By Mark Johnston | 26/10/2024

Paytm has received approval from the NPCI to resume onboarding new UPI users, a development seen as significant for the company.

Structural Regulation

NZX Amends Market Maker Eligibility Settings, Effective 22 Nov

By Editors | 25/10/2024

From 22 November, firms will be able to participate as market makers without being direct trading participants of NZX.

Structural Regulation

SFC Extends Parallel Run Period for New e-IP Platform

By Manesh Samtani | 25/10/2024

The SFC said the extension is to facilitate user experience enhancements on the new application and submission system for investment products.

Structural Regulation

SEBI Orders Entities to Cut Ties with Unregistered Financial Advisors

By Nithya Subramanian | 25/10/2024

SEBI has directed all registered entities to terminate contracts with unregistered financial advisors within three months.

Conduct, Culture & Accountability

CSRC Punishes Firms Over Investment Banking Internal Controls

By Manesh Samtani | 24/10/2024

The CSRC suspended the bond underwriting businesses of two securities firms for 6 months, and imposed administrative measures on a further 11 firms and 43 individuals.

Structural Regulation

HSBC Announces Restructuring of Business Operations to Boost Efficiency

By Nithya Subramanian | 24/10/2024

HSBC said the new structure will reduce duplication of processes and decision making and result in greater agility in serving customers.

Structural Regulation

China Approves New Insurance Units by BNP Paribas, Prudential

By Editors | 24/10/2024

The NFRA approved the creation of a property insurance joint venture between BNP and Volkswagen Financial Services; and an insurance asset management firm by Prudential Financial.