Securities / Derivatives

APRA Identifies Valuation Governance Weaknesses at Super Funds

18/12/2024

APRA said superannuation trustees need to further enhance their valuation and liquidity risk management practices.

Enforcement

New Zealand FMA Censures Pathfinder for Misleading Representations

18/12/2024

The FMA said Pathfinder Asset Management should have included information in social media ads about exceptions permitted by its ethical investment policy

Enforcement

Australia Settles Meta Lawsuit Over Cambridge Analytica Scandal

18/12/2024

Meta agreed to pay A$50 million to compensate Australian Facebook users who had their personal information disclosed without consent.

Enforcement

Japan FSA Orders MUFG to File Report on Safe Deposit Box Thefts

18/12/2024

The FSA ordered MUFG Bank to submit a report on the theft of customer assets from 60 safe deposit boxes by a former employee.

Securities / Derivatives

Malaysia Launches Trading in Used Cooking Oil Futures

18/12/2024

The new aims to address the need for price transparency and risk management tools in the growing used cooking oil market.

BNM Proposes Changes to Rules on Personal Financing

18/12/2024

BNM will abolish the use of the Rule of 78 method in personal financing and set at 10 year tenure limit on such lending.

AML / KYC

AUSTRAC Sues Online Betting Site Operator Entain for AML Breaches

17/12/2024

AUSTRAC CEO said the failures in Entain’s approach to its AML/CTF obligations were “systemic” and “left the company at serious risk of criminal exploitation”

Enforcement

JPX Penalises Nomura Over JGB Futures Manipulation Case

17/12/2024

OSE has imposed a fine and a threeday JGB futures trading suspension on Nomura Securities while the TSE issued a reprimand.

Fintech / Regtech

SC Malaysia, CGC Group Partner to Boost MSME Financing

17/12/2024

The SC will collaborate with CGC Group and CGC Digital to enhance access for MSME and MTC to capital market financing solutions.