Open API initiative progressing in Hong Kong

The open Application Programming Interface (API) framework is progressing towards the next phase, said the Hong Kong Monetary Authority (HKMA), with 20 retail banks participating. 

Australian regulators propose reforming bankers’ bonuses

Bankers in Australia face reforms to their bonuses including having to wait longer for them to be paid out as the Australian Prudential Regulation Authority (APRA) explores in a discussion paper ways to incentivise better behaviour. 

Hong Kong tightens up stock market listings regime

Following a consultation, the Hong Kong Securities and Futures Commission (SFC) said it will work closely with the Hong Kong Stock Exchange (HKEx) and is amending listing rules to clamp down on backdoor listings and shell activities. 

FSA warns Japan’s regional banks to change their business models more quickly

Amid speculation that the Bank of Japan (BoJ) is planning to increase its monetary stimulus programme, regulators are warning that it should carefully consider the impact on regional banks before doing so. 

ASIC consults on new whistleblower guidance

Australian regulators are seeking comment on guidance for dealing with individuals who call out wrongdoing in the stock market listed firms they work for and to ensure they are heard and protected.

PBoC lays out three-year plan to channel fintech towards supporting the economy

The People’s Bank of China (PBoC) has laid out a three-year plan to increase the use of technology in the financial sector to improve customer satisfaction, trust and to ensure such services are secure.

Better whistleblower protections go live in Australia

Those who report on wrongdoing within their firms are now better protected from reprisal by their employers, the Australian Securities and Investments Commission (ASIC) said in a statement. 

China plans more cash management product rules

China is apparently planning tougher rules on the pricing and fund inflows into the $2tn cash management products (CMP) industry.

China to further open up foreign ownership of financial firms

China premier Li Keqiang said the country is to scrap all limits on the foreign ownership of Chinese financial firms in 2020, a year earlier than originally flagged.

Australian regulators press banks to act on Libor transition

Several CEOs of large Australian banks have received a joint letter from three Australian regulators urging them to plan for the end of the London interbank offer rate (Libor).