LATEST NEWS

    Securities / Derivatives

    MAS Adds $1bn to Private Markets Programme

    By Editors | 21/09/2022

    The programme was launched in 2018 with $5bn to allocate to PE and infrastructure fund managers. The additional $1bn will go to global credit fund managers.

    Securities / Derivatives

    SFC Calls for Licensed Personnel to Return to Hong Kong

    By Editors | 21/09/2022

    The SFC is concerned over operational risks at licensed corporations that are doing business without a responsible manager located in the city.

    Crypto / Digital Assets

    Nasdaq Establishes New Digital Assets Business

    By Editors | 21/09/2022

    The technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term, says Nasdaq’s Adena Friedman.

    ESG / Sustainability

    Korean Banks, Insurers Meet to Discuss Climate Stress Tests

    By Editors | 21/09/2022

    KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.

    Crypto / Digital Assets

    HKMA to Start Retail CBDC Trials in Q4 This Year

    By Manesh Samtani | 21/09/2022

    The trials will involve banks, payment companies and other technology firms to study the use of the e-HKD in a limited setting.

    Securities / Derivatives

    HK Police, FRC Sign MoU on Combatting Commercial Crime

    By Editors | 21/09/2022

    Collaboration is needed to protect the public interest and maintain financial market integrity, said FRC chairman Kelvin Wong.

    ESG / Sustainability

    ACCC to Commence Internet Sweep Targeting Greenwashing

    By Editors | 21/09/2022

    Businesses may be asked to substantiate their green claims. The ACCC may take enforcement action if consumers are being misled or deceived.

    Fintech / Regtech

    BOT Details Plans to Upgrade Payment Systems

    By Editors | 21/09/2022

    The plans include the development of PromptBiz, a digital payment infrastructure system for the business sector.

    UBS Hiring Reviewers to Vet Chinese Research Content

    By Sanday Chongo Kabange | 21/09/2022

    The content reviewers will ensure the language, tone and content of research published in Chinese is appropriate and free of any sensitivities.

    Citigroup Submits Plans to US Regulators to Address Deficiencies

    By Sanday Chongo Kabange | 21/09/2022

    Citigroup has about 30,000 people working on improvements and is hiring rival bankers and former auditors to beef up its risk and compliance teams.

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