Daily News Headlines

  • Daily News Headlines – 21 May 2020

    Report on Fintech Adoption and Innovation in the Hong Kong Banking Industry

    HKMA, 20 May 2020

    The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm and subsidiary of the Hong Kong Academy of Finance (AoF),   today (20 May 2020) released a report, titled “Fintech Adoption and Innovation in the Hong Kong Banking Industry” as the first in a series of Applied Research reports on topics that are highly relevant to the financial industry and regulators in Hong Kong, and they provide insights on the long-term development strategy and direction of Hong Kong’s financial industry.

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    CFTC Division of Enforcement Issues Civil Monetary Penalty Guidance

    US CFTC, 20 May 2020

    The Commodity Futures Trading Commission today announced the Division of Enforcement has issued new guidance outlining factors the Division considers in recommending civil monetary penalties (CMPs) to the Commission to be imposed in CFTC enforcement actions. The guidance memorializes the existing practice within the Division and has been incorporated into the Division’s Enforcement Manual. This is the first Division CMP guidance issued publicly since the Commission published its penalty guidelines in 1994.

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