ESG / Sustainability

US SEC Scrutinising ESG Marketing by Fund Managers – Report

16/08/2023

The SEC’s enforcement division sent document requests to several asset managers seeking information about their ESG strategies and marketing prepositions.

Fintech / Regtech

India Contemplates New Law to Regulate Big Tech

15/08/2023

An MCA-led committee led will this month complete the first draft report on the need for ex-ante regulation for big tech firms via a new law.

Korea Set to Implement New Rules for Bank Closures, Acquisitions

15/08/2023

The government has approved changes to the enforcement decree of the Banking Act, a revised version of which will take effect on 22 September.

Enforcement

Kakao Founder’s Office Searched Over Stock Manipulation Allegations

11/08/2023

The FSS raided the office of Kakao founder Kim Beom-su and confiscated materials related to allegations of market manipulation.

Capital / Liquidity

KDIC to Automate Deposit Monitoring to Avert Run Risk

11/08/2023

Korea Deposit Insurance Corp is seeking to establish a monitoring system for deposits at local savings banks to ensure financial stability.

Enforcement

ASIC Sues Debt Management Firm for Causing Consumer Harm 

10/08/2023

The debt management firm offered to help borrowers solve their financial burdens but instead caused them more harm, ASIC alleges.

Capital / Liquidity

APRA Refocuses Policy Priorities on Financial Stability of Banks

10/08/2023

For the rest of 2023, APRA is prioritising “immediate actions to strengthen standards for bank financial stability issues”.

Enforcement

Korean Regulators Discover Insider Trades at Securities Firm

10/08/2023

Employees at the securities unit of an unnamed bank used nonpublic information about bonus issues by listed companies to generate billions of won in profits.

Enforcement

ASIC Sues Ex-Director of Dixon Advisory for Alleged Breach of Duty

05/08/2023

ASIC alleges that Paul Ryan breached his director obligations by not considering the interests of Dixon Advisory’s creditors when the firm was approaching insolvency.