Conduct, Culture & Accountability

US Regulators Fine 12 More Entities in WhatsApp Probe

29/09/2023

The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.

Data Privacy

BOT Issues Guidelines on Biometric Technology Adoption

29/09/2023

The guidelines introduce six guiding principles to serve as the minimum requirements for financial service providers in applying biometric technology.

Clearing & Post-Trade

ESMA Withdraws JSE Clear’s Recognition Decision

29/09/2023

JSE Clear will no longer be permitted to provide clearing services to clearing members or trading venues in the EU.

Data Privacy

China Proposes to Relax Rules on Cross-border Data Transfers

29/09/2023

Security assessments will no longer be required for most business activities as long as personal data is limited and important data is not involved.

Structural Regulation

HKEX Allows Saudi Companies to Apply for Secondary Listings in Hong Kong

29/09/2023

Companies with a primary listing on the Saudi Exchange’s Main Market can apply for a secondary listing in Hong Kong.

CBDCs

BIS Innovation Hub Concludes Project Mariana Trials

29/09/2023

The project explored the use of DeFi automated market makers for the cross-border exchange of CBDC in different currencies.

Structural Regulation

HSBC to Acquire Citi Consumer Business in China – Report

29/09/2023

HSBC will reportedly acquire Citigroup’s China consumer wealth management business in a deal that could be announced as early as next month.

Conduct, Culture & Accountability

Citigroup Fined for Violating Disclosure Obligations Under Reg BI

29/09/2023

Citi defaulted about 360,000 accounts to receive disclosures electronically without receiving proper consent from the customers.

Trading & Investment

Regulators Announce Planned Enhancements for Wealth Connect

29/09/2023

The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.