Fintech / Regtech

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.

Market Infrastructure

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.

Fintech / Regtech

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.

Enforcement

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.

Crypto / Digital Assets

DTIF Urges Malaysia SC to Adopt DTI Standard in Tokenisation Framework

18/06/2025

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

Market Infrastructure

New Zealand FMA Makes Recommendations for NZX After Review

18/06/2025

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

APRA Proposes Updates To Banking Act Instruments

18/06/2025

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

AML / KYC

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”.

New Institution Emerges from Merger of Four Rural Banks

18/06/2025

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