Fintech / Regtech

HKMA Looks to Bolster Internal Cybersecurity Capabilities

07/08/2024

HKMA is planning to deploy a new solution to help it identify “assets, vulnerabilities, and potential entry points that could be targeted by attackers” and manage its attack surface.

AML / KYC

Indonesia to ‘Soft Launch’ Anti-Scam Centre This Month

07/08/2024

In the initial stage, 15 banks will join the anti-scam centre directly, but in due course all banks in Indonesia will be required to participate.

Securities / Derivatives

Taiwan to Amend Regulations to Allow First Active ETFs

06/08/2024

Both active stock ETFs and active bond ETFs will be allowed, with requirements for daily announcements of actual portfolio holdings.

Market Infrastructure

ASX Issues 2nd Consultation on CHESS System Design

06/08/2024

ASX proposes to move cash equities to a T+1 settlement cycle after the CHESS replacement is fully delivered in 2029.

Enforcement

Evergrande Seeking to Recover $6bn from Former Executives

06/08/2024

The lawsuit, which includes founder Hui Ka Yan as a defendant, was filed in March but only now revealed after a confidentiality order was lifted.

Capital / Liquidity

HKMA Confirms Plans to Simplify Three-Tier Banking System

06/08/2024

Deposit-taking companies will have a five-year transition period to meet a HK$100mn capital requirement, compared to HK$25mn.

Crypto / Digital Assets

South Korea’s Top Financial Regulator Gets New Chairman

05/08/2024

The FSC’s new chairman, Kim Byoung Hwan, has set out his key areas of focus to ensure financial market stability in Korea.

Securities / Derivatives

CFTC Revokes US Trading Permissions for TAIEX Futures

04/08/2024

TSMC’s heavy TAIEX weighting means the index no longer meets the definition of a broad-based security index.

Securities / Derivatives

Stock Connect: 2nd Phase of Market Data Changes Set to Take Effect

03/08/2024

Investors participating in Stock Connect from Hong Kong will no longer be able to calculate net flows at the end of each trading day.