AI Risk & Governance

HKMA Directs Banks to Develop Strategic Plans for DLT, AI Adoption

10/03/2026

HKMA has given lenders six months to devise board-approved strategic plans for adapting to new technologies.

Structural Regulation

FSC Korea Issues Clarifications on Shareholder Disclosure Rules

09/03/2026

Regulators have specified which shareholder activities are exempt from stricter disclosure rules, aiming to encourage institutional investors ahead of AGM season.

Fraud, Scams & Cybercrime

Korea's Only Listed Savings Bank Faces Delisting Review After Embezzlement Scandal

09/03/2026

Trading in Pureun Savings Bank was halted after a former executive allegedly embezzled KRW 9.9 billion, prompting a regulatory probe and raising internal control concerns.

Operational Risk

BSP Overhauls Bank Reporting Rules, Sets New Penalties

09/03/2026

The BSP has introduced a new governance framework, shortened submission deadlines, and revised penalties to improve the quality of bank data.

Tokenisation

Visa, ANZ and Fidelity Pilot Tokenised Cross-Border Settlement

09/03/2026

Consortium of financial institutions tests atomic settlement for tokenised funds using e-HKD under the HKMA programme.

Fraud, Scams & Cybercrime

Australia NASC Reports on Success of 'Romance Scam Fusion Cell'

09/03/2026

Report details new frameworks trialled by banks and digital currency exchanges to identify and block funds destined for romance scammers.

Trading & Investment

Korea Finalises Rules for New Listed Venture Capital Funds

09/03/2026

The new “Business Development Company” framework, effective from 17 March, aims to channel public funds into startups while including specific investor protection measures.

Structural Regulation

Philippines SEC Moves to Impose Term Limits on PSE Directors

09/03/2026

The regulator has approved a draft circular for public comment, citing corporate governance, while industry groups warn of negative consequences.

Fraud, Scams & Cybercrime

BSP Directs Banks to Shift to Biometrics, Phases Out SMS OTPs

09/03/2026

New draft rules require banks to adopt server-side biometrics for high-risk transactions to combat fraud, linking compliance to liability.