Fintech / Regtech

Singapore E-wallets to Gain Direct Access to FAST, PayNow

30/11/2020

Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.

Securities / Derivatives

HKEX Proposes to Raise Profit Requirement for New IPOs

30/11/2020

One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.

Market Infrastructure

HKEX Announces Stock Connect Expansion Arrangements

29/11/2020

Pre-revenue biotech companies listed on Hong Kong’s Main Board will be included from 27 December. SSE STAR Market stocks will be included in early 2021.

Market Infrastructure

Indonesia Prepares to Launch Sovereign Wealth Fund

29/11/2020

Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.

Fintech / Regtech

MAS On Track to Award Digital Bank Licences by Year-End

26/11/2020

Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.

AML / KYC

FTSE Russell, MSCI Consult on Impact of China Sanctions

26/11/2020

FTSE Russell is seeking views on the impact of the sanctions on its indexes. MSCI is asking about the impacts on investment processes.

Market Infrastructure

APRA Unveils Details of New Cyber Security Strategy

26/11/2020

Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.

Market Infrastructure

Stock Connect Set to Include Pre-profit Biotechs, STAR Market Stocks

26/11/2020

In a policy address, Hong Kong chief executive Carrie Lam discussed measures to expand Stock Connect and enhance the city’s integration into the Greater Bay Area.

AML / KYC

AUSTRAC Reports on Fintel Alliance Efforts to Combat Criminal Threats

25/11/2020

AUSTRAC has developed an algorithm that enables Fintel Alliance to detect suspicious financial patterns while protecting the privacy of underlying reporting entities and personal data.