11/06/2024
This announcement represents a key step for the brokerage sector and the WMC program, boosting financial connectivity within the Greater Bay Area and strengthening Hong Kong's wealth management industry.
11/05/2024
The longer extension period of three years, compared to one year previously, reflects the good financial cooperation between the two central banks in preserving monetary and financial stability in both countries amid global macroeconomic uncertainties.
11/05/2024
This announcement represents a key step for the brokerage sector and the WMC program, boosting financial connectivity within the Greater Bay Area and strengthening Hong Kong's wealth management industry.
11/04/2024
The SFC will continue to work with stakeholders to further enhance and expand the WMC scheme
11/04/2024
By connecting a broader set of participants’ products and services across multiple currencies and assets, greater improvements in capital raising, secondary trading, asset servicing and settlement of tokenised assets may be realised.
11/01/2024
The signing of this MoU is a new milestone and underlines the economic ties between two leading institutions – PIF and HKMA.
10/31/2024
In most cases, the individuals seeking the loan provided their own homes as security.
10/30/2024
MAS has also issued a reprimand to AAIM’s Chief Executive Officer (CEO), Mr Mintarja Oei, for failing to ensure AAIM’s compliance with MAS’ AML/CFT requirements.
10/30/2024
The interim injunction order remains in effect until further order of the Court.
10/29/2024
Well-known Asia investor Jonathan Pines' $3.4bn Federated Hermes Asia ex-Japan Equity fund has a chunky overweight to China, but his biggest ever India underweight.
10/29/2024
Previously, BNP Paribas was ordered to pay an 11 billion won ($7.9 million) penalty for naked short-selling, alongside an 8 billion won penalty for its local brokerage unit.
10/29/2024
MAS will introduce an additional FI duty to require real-time fraud surveillance directed at detecting unauthorised transactions in a phishing scam that result in account draining.
10/28/2024
The winners will be revealed at the SFF FinTech Excellence Awards 2024 dinner on 7 November 2024.
10/28/2024
FinCense integrates seamlessly with the AFC Ecosystem, providing financial institutions with access to a global network of financial crime experts.
10/25/2024
The changes aim to strengthen operational resilience by ensuring trustees can better access the financial resources held to meet the ORFR when needed and to maintain an appropriate level of reserving.
10/25/2024
ASIC has specified that Next Gen must continue its membership of the Australian Financial Complaints Authority (AFCA) until 17 October 2025.
10/24/2024
ASIC Deputy Chair Sarah Court said, ‘ASIC alleges QBE’s pricing model potentially eroded the discounts received by over half a million customers, in some cases to nil.
10/24/2024
As the regulatory regimes of MRF jurisdictions provide comparable investor protection to that of Hong Kong and the SFC has entered into cooperation arrangements with their home regulators
10/24/2024
In its World Economic Outcomes report, the IMF predicted Australia would be one of two advanced economies with headline inflation above 3% by the end of next year, along with Slovakia.
10/21/2024
They will also intensify their working relationship and maintain channels for the exchange of information.