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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