Enforcement

ASIC Files Suit Against ANZ Over ‘Unlawful’ Credit Card Charges

31/05/2022

ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.

Capital / Liquidity

RBNZ Commends Westpac for Improved Liquidity Risk Management

31/05/2022

The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.

Enforcement

ACCC Commences Legal Proceedings Against Mastercard Units

31/05/2022

The ACCC says Mastercard offered cheaper rates to over 20 major retail businesses if they used its own network to process transactions.

India: AMFI Directs Fund Managers to End Remote Work Arrangements

31/05/2022

AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.

Fintech / Regtech

MAS FinTech Hackcelerator to Focus on Web3, Green Finance

30/05/2022

Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.

ESG / Sustainability

Bursa Malaysia Advances Work on Voluntary Carbon Market

30/05/2022

Bursa Malaysia has signed an MOU with non-profit organisation Verra, which manages the world’s largest GHG crediting programme.

China Allows Firms to Defer Housing Fund Contributions

30/05/2022

Companies affected by the pandemic can postpone payments of housing provident fund contributions for employees.

Myanmar Bans Use of Foreign Currency for Local Payments

30/05/2022

The central bank said the use of foreign currencies in domestic payments could lead to higher demand for dollars and cause exchange rate instability.

Enforcement

China Faces Protests in Henan Over Suspected Rural Bank Scams

30/05/2022

Bank customers in Henan province are demanding the return of billions of dollars of deposits after finding they were unable to withdraw their funds.