Market Infrastructure

Hong Kong to Expand Mandatory Reference Checking Regime Beyond Banks

25/07/2025

From September 2025, the MRC Scheme will be expanded to cover 50,000 frontline staff involved in securities, insurance, or MPF regulated activities.

Market Infrastructure

ASIC Proposes Overhaul of Industry Code Guidance

24/07/2025

ASIC has launched a consultation on significant updates to its framework for approving financial and credit sector codes.

Market Infrastructure

APRA Unveils Planned Reforms to Boost Banking Competition

24/07/2025

APRA has announced a new tiered framework and other measures to ease the burden on smaller banks.

Indonesia to Impose New Risk Management Rules on Investment Managers

24/07/2025

The OJK says the new regulation introduces risk-based supervision and health assessments, giving firms a two-year transition period to comply.

Enforcement

New Zealand Debt Collector Fined for Misleading Conduct

24/07/2025

Law Debt Collection and its director, John Stuart Campbell, were prosecuted by the Commerce Commission for wrongfully threatening debtors with credit defaults.

Enforcement

New Zealand Regulator Clears Banks of Cartel Conduct in Climate Alliance Probe

24/07/2025

The Commerce Commission found no evidence that five banks coordinated lending policies under the Net-Zero Banking Alliance framework.

Enforcement

ASIC Puts Bank Boards on Notice Over AI Risks and Governance

24/07/2025

ASIC has warned that existing financial services laws apply directly to AI, placing the onus on boards to manage risks of consumer harm.

Enforcement

Hong Kong SFC Secures Compensation for Clients of Fraudulent Brokerage

24/07/2025

The SFC says court-appointed administrators have distributed assets to clients of Hong Kong Wan Kiu Investment.

ESG / Sustainability

NGFS Urges FIs to Embed Climate Adaptation into Transition Plans

24/07/2025

The NGFS has provided a framework for financial institutions to manage physical climate risks, urging a shift from a mitigation-only focus.