ASIC Targets Death Benefit Claims Handling at Super Funds

25/11/2024

ASIC issued notices on ten superannuation trustees requesting data and documents on their death benefit claims handling practices.

ESG / Sustainability

HKMA Launches ‘Professional Level’ ECF for Sustainable Finance

23/11/2024

The “Professional Level” of the ECF-GSF aims to help mid- and senior-level bankers develop professional competencies in Green and Sustainable Finance.

Enforcement

ASIC Sets Out Enforcement Priorities for 2025

20/11/2024

ASIC’s enforcement priorities reflect the increased risks consumers are facing that are being driven by cost of living pressures.

Fintech / Regtech

Australia Sets Out Roadmap for Ending Cheque Use

19/11/2024

Cheques will stop being issued by mid-2028 and stop being accepted on 30 September 2029.

Enforcement

ASX Files Defence in ASIC’s Misleading Statements Case

19/11/2024

CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.

Market Infrastructure

HKEX, HSIL Launch New Index Focused on Stock Connect

19/11/2024

The ‘Stock Connect China Enterprises Index’, or SCCEA, will track the largest Chinese companies under the Stock Connect scheme.

Fintech / Regtech

HKMA Asks Merchant Acquiring Banks to Promote Mobile POS

19/11/2024

Banks are asked to promote adoption of mobile POS terminals by merchants to help expand coverage “as far as practicable”.

Enforcement

ASIC Sues NAB for Slow Response to Financial Hardship Claims

19/11/2024

ASIC says NAB and a subsidiary failed to respond to financial hardship applications within 21 days as required by law.

Crypto / Digital Assets

HKEX Goes Live With New Virtual Asset Index Series

18/11/2024

The HKEX Virtual Asset Index Series consists of a reference index and reference rate for both Bitcoin and Ether.