Payments & Settlements

China Launches New Platform for Personal Pension Investors

15/11/2022

The platform allows users to open accounts, view product information, and communicate with FIs offering pension and wealth management products.

Cloud & Infrastructure

MAS, UN to Jointly Develop Digital Finance in Pacific Island LDCs

15/11/2022

The collaboration includes measures to improve MSME access to financing and financial services, initially in Pacific Island LDCs.

Market Data & Technology

GLEIF, SWIFT Collaborate to Enable Mapping Between MICs and LEIs

15/11/2022

GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.

Cryptocurrency

Singapore and Hong Kong Regulators Address FTX Queries

15/11/2022

MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.

PEPs & Sanctions

New US Sanctions Target Network Procuring Tech for Russia

15/11/2022

OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.

Trading & Investment

UOB Lists First Product on SGX Using Shenzhen ETF Link

15/11/2022

The SGX-listed ETF replicates the performance of SZSE’s ChiNext Index by investing in a Shenzhen-listed ETF managed by Ping An Fund Management.

Conduct, Culture & Accountability

US SEC Expands Staff Messaging Probe to Private Equity Firms

15/11/2022

KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.

Cybersecurity

EU Parliament Adopts DORA Text, Enforcement Expected in 2025

14/11/2022

New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.

Capital Adequacy

HKMA Proposes Changes to Approach for Setting CCyB

14/11/2022

The HKMA proposes to maintain a Positive Neutral CCyB of 1 percent even when its primary indicators maybe signal a lower applicable CCyB.