Fintech / Regtech

BSP Extends Moratorium on New E-Money Licences

13/12/2023

The BSP has extended its moratorium on applications for new non-bank e-money issuers until 15 December 2024.

ESG / Sustainability

ACCC Issues Finalised Guidance on Greenwashing

13/12/2023

The guidance comprises eight principles to help businesses ensure their environmental and sustainability claims comply with the law.

Capital / Liquidity

APRA Advances Proposals on Interest Rate Risk Management

13/12/2023

APRA updated its revisions to APS 117 based on consultative feedback and is now consulting on changes that are relevant to smaller banks.

Enforcement

Australia to Increase Tax Practitioners Board’s Enforcement Powers

12/12/2023

New consultations propose to strengthen the Tax Practitioners Board’s sanctions regime and expand its Code of Professional Conduct.

Enforcement

APRA Identifies Defective Cyber Controls at NGS Super

08/12/2023

APRA said multiple reviews identified deficiencies in NGS’ compliance with its standards on information security.

Market Infrastructure

Hong Kong IA Consults on Subsidiary Rules for Risk-based Capital Regime

08/12/2023

The IA is consulting on two subsidiary rules to tie in with the implementation of a risk-based capital regime for insurers set to commence next year.

HKAB, DTCA Issue Revised Banking Code of Practice

08/12/2023

Banks are expected to achieve full compliance with the new Code within 6 months. More time is given for provisions involving complex system changes.

Market Infrastructure

HSBC Trials Quantum Protection for AI-powered FX Trading

07/12/2023

HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.

Enforcement

ASIC Fines Instinet Over ‘Set and Forget’ Compliance Culture

07/12/2023

ASIC said Nomura subsidiary Instinet failed to provide clients with all necessary information about the operation of its crossing system.