Cloud & Infrastructure

PBOC to Establish Fintech Sandbox Links With Hong Kong, Macao

10/11/2023

The “network link-up” will provide a one-stop platform to facilitate cross-border fintech trials and strengthen supervisory cooperation.

Structural Regulation

Singapore BNPL Code Enter Next Phase of Implementation

09/11/2023

Six BNPL providers will undergo audits over the next few months and have to become accredited by 31 March 2024.

Stablecoins

EBA Issues Third Batch of MiCA-related Consultations

09/11/2023

The consultations cover transaction reporting, recovery planning, own funds, stress testing, and liquidity requirements for stablecoin issuers.

Anti-Bribery & Corruption

Hong Kong ICAC Launches Business Sector Integrity Charter

09/11/2023

The Charter encourages companies to establish Integrity Management Systems, appoint an “Ethics Officer”, and commit to implementing integrity policies.

Resolution & Recovery

EU Lawmakers Back Plans to Improve Bank Resolution Framework

09/11/2023

Jonás Fernández said the rule changes will level the playing field among different banking structures in the EU, while ensuring that banks will remain safe.

Trading & Investment

HKEX to Consult on Measures to Keep Market Open During Typhoons

09/11/2023

HKEX will commence a public consultation within this month on a proposed model for operating the stock market under severe weather.

Credit Risk

SFC Issues Guidance on IPO Services Ahead of FINI Launch

09/11/2023

The SFC outlines risk management considerations for licensed corporations offering IPO services ahead of HKEX’s launch of a new IPO settlement platform.

Cybersecurity

Korea FSS Issues Guidance on Mitigating Technology Risks

09/11/2023

The guidelines are intended to improve the level of IT internal control in the financial industry and improve the resilience of individual firms.

Structural Regulation

China Regulators Have Upbeat Message for Market Participants

09/11/2023

China will continue opening up its markets and supporting vulnerable parts of the economy. Two new foreign-funded insurance brokerage companies were approved this week.