AI Risk & Governance

RBNZ Report Assesses Impact of AI on Financial Stability

06/05/2025

RBNZ’s Kerry Watt said AI’s impact could be positive, especially in enhancing resilience, but it could also introduce or amplify vulnerabilities

Conduct, Culture & Accountability

NZ High Court Orders Westpac to Pay Penalty for Misleading Customers

03/05/2025

Westpac was fined for failing to deliver contractually agreed discounts to over 20,000 customers, a breach of the FMCA’s fair dealing provisions.

Fraud, Scams & Cybercrime

Australia NASC Reports Surge in Phishing Scams, Financial Losses

02/05/2025

The NASC has recorded an increase in phishing scams, resulting in losses of AUD 11.1 million from 1 January to 23 March this year.

Structural Regulation

Hong Kong Regulators Taking Forward Review of Listing Regime

02/05/2025

Christopher Hui told LegCo that the SFC and HKEX are taking forward a comprehensive review on reforming the listing regime.

Payments & Settlements

ACCC Authorises AusPayNet, AP+ to Engage on Payments Infrastructure 

02/05/2025

ACCC has given AusPayNet, AP+ and others interim approval to share information relating to the future development of Australia’s payments infrastructure.

Clearing & Post-Trade

ASX Outlines CHESS Resourcing Plan in Response to RBA Rebuke

02/05/2025

ASX has committed to a series of actions to further strengthen its resourcing arrangements for the maintenance and support of CHESS.

Cryptocurrency

AUSTRAC to Cancel Registrations of Inactive Crypto Exchanges

01/05/2025

Around a quarter of Australia’s 400-plus registered digital currency exchanges are believed to be inactive, and at risk of being co-opted by criminals.

Structural Regulation

NZX Consults on BCP, Disaster Recovery Plan Requirements

30/04/2025

NXZ and NZX Clearing are consulting on requirements for market participants when developing BCPs and disaster recovery arrangements.

Cryptocurrency

SFC Grants Victory Securities Approval to Expand Crypto Services

30/04/2025

Victory Securities is allowed to offer discretionary account management services and to distribute physically-settled crypto-referenced structured products.