Conduct, Culture & Accountability

HKMA Joins International Financial Consumer Protection Organisation

07/07/2022

FinCoNet’s membership includes more than 30 regulators responsible for financial consumer protection around the world.

Cryptocurrency

South Korea Launches First Crypto Bank Service

07/07/2022

The “crypto bank” offers multiple financial services for crypto assets including deposits, loans, asset transactions, and withdrawals.

Tokenisation

Chinese Bigtechs Pledge to Prevent, Deter NFT Speculation

07/07/2022

Tencent and Ant Group are among those that have pledged to adhere to China’s crypto ban and prevent speculation on platforms that deal in ‘digital collectibles’.

Trading & Investment

Australia Reviews Impact of 2020 Ban on LIC Stamping Fees

07/07/2022

Two years ago, the government banned LICs and LITs from paying stamping fees to AFS licensees for help secure investors for capital raisings.

Emerging Prudential Risks

IMF Calls for Strengthening of Capital Markets Regulation

07/07/2022

Securities regulators have generally not seen increases in their resources despite their expanding regulatory perimeters and raised supervisory expectations.

Trading & Investment

China Outlines Plans to Develop Beijing into Technology Hub

07/07/2022

The measures seek to create a “multi-tier, professionalised and specialised tech financing system” in Beijing.

Data Privacy

China Issues New Rules on Data Export Security Assessments

07/07/2022

The rules set out the security assessment framework for cross-border data transfers.

Trading & Investment

FMA Proposes Guidance for Advising on IPOs, Listed Equity

07/07/2022

The guidance explains the FMA’s approach to applying and enforcing Code Standard 3 of the Code of Professional Conduct for Financial Advice Services.

Conduct, Culture & Accountability

MAS, IBF Adjust Training Scheme Funding Parameters

07/07/2022

MAS says training and upskilling culture in the financial sector workforce has taken root, and high uptake in training is encouraging.