AML / KYC

PBOC Proposes to Tighten Oversight of Non-bank Payments Firms

21/01/2021

If the PBOC identifies a non-bank payment institution as a monopoly, it can advise the State Council’s antitrust committee to take action to break up the firm.

Big Picture

Credit Quality Assessment a Challenge for China Bond Investors

19/01/2021

Challenges assessing the credit quality of underlying corporates in China’s onshore bond market has been one of the key barriers for foreign investors, ICMA says in a new report.

ESG / Sustainability

Hong Kong Influence in Global Climate Finance of ‘Critical Importance’

19/01/2021

At the Asian Financial Forum, SFC chief Ashley Alder discussed the steps Hong Kong has taken to support a greener and more sustainable future.

Fintech / Regtech

Asia Has an Opportunity to Demonstrate Global RegTech Leadership

18/01/2021

Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society’s Hong Kong Center.

Market Infrastructure

Hong Kong Lawmaker Asks HKEX to Lower Market Data Fees

16/01/2021

HKEX’s monthly fees for retail investors are higher than other stock exchanges, which may have implications for stockbrokers that serve retail investors, says a new report.

Big Picture

Covid-19 Has Changed the Cyber Threat Landscape: BIS

15/01/2021

During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions.

Fintech / Regtech

EU Competition Authorities Approve LSEG-Refinitiv Merger

14/01/2021

The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction, the European Commission said in a statement.

ESG / Sustainability

ESG Investing Seen As Key Growth Driver for Singapore Fund Managers

13/01/2021

86% of Singapore fund managers highlighted ESG investing as a key growth driver, up from 68% in the previous year, according to survey findings from IMAS.

ESG / Sustainability

SGX RegCo Chief Outlines Work Programme for H1 2021

13/01/2021

SGX RegCo chief Boon Gin Tan outlined timelines for enhancements to its enforcement framework, sustainability reporting rules, and retail bonds framework, among other initiatives.