Model Risk

BSP Proposes Model Risk Management Guidelines for FIs

20/06/2025

The BSP has proposed model risk management guidelines for financial institutions to enhance operational resilience and mitigate potential losses.

Structural Regulation

Hong Kong ‘Actively Pursuing’ Closer Integration With Mainland

20/06/2025

Hong Kong will continue to explore further enhancements to the WMC scheme and ways to broaden Hong Kong professionals’ entry into the Mainland market.

Data Privacy

South Korea Launches Enhanced “MyData 2.0” Service

19/06/2025

“My Data 2.0” incorporates seven improvements announced in April 2024 including enhanced consumer protections.

Data Privacy

ACCC Fines NAB Over CDR Data Quality Issues

19/06/2025

The ACCC said NAB’s payment of the penalties is the highest amount paid for alleged contraventions of the CDR rules to date.

Tokenisation

DTIF Urges Malaysia SC to Adopt DTI Standard for Tokenised Products

18/06/2025

The DTI Foundation said the use of the ISO 24165 DTI standard in disclosures will enhance investor protection and market integrity.

Structural Regulation

New Zealand FMA Gives NZX Top Marks in Latest Review

18/06/2025

Only two recommendations were made, one around testing participant resilience and the other around assessing system recovery arrangements.

Structural Regulation

APRA Proposes Updates to Naming Exemptions Under Banking Act

18/06/2025

APRA is proposing to remake two instruments under the Banking Act instruments and allow one to subset in October.

Cryptocurrency

Thailand Announces Five-Year Tax Exemption for Crypto Trading

18/06/2025

Thailand waives capital gains and VAT on crypto transactions for five years to “stimulate the digital asset economy”.

Structural Regulation

Philippines: New Rural Bank Emerges from Four-Entity Merger

18/06/2025

The BSP said Agribank has started operations, representing the combined entity following a merger of four agricultural rural banks.