Custody & Infrastructure

HK Lawmakers Discuss Rule Proposals for Virtual Assets, Finfluencers

02/06/2026

Lawmakers are considering new licensing regimes for a range of virtual asset services, while the SFC plans a comprehensive review of financial influencer conduct.

Conduct, Culture & Accountability

KPMG Australia CEO and Audit Head Resign Amid Whistleblower Scandal

02/06/2026

The firm has admitted to mishandling allegations of client data misuse, prompting an investigation by the corporate regulator and a review of its internal culture.

Supervision & Enforcement

Korea FTC to Revive ‘Grim Reaper’ Unit, Introduce Break-Up Powers

02/06/2026

The regulator is launching a major overhaul, introducing structural remedies and personal fines for executives, and probing an alleged insurance cartel.

Operational Risk

HKMA Directs Banks to 'Sustain and Uplift' Operational Resilience

02/06/2026

The regulator has outlined its expectations for firms to treat operational resilience as ‘business as usual’ following a multi-year implementation phase.

Fraud, Scams & Cybercrime

Korea Expands Account Freezing Powers to Combat New Phishing Scams

02/06/2026

New guidelines will allow financial institutions to suspend accounts linked to romance and investment fraud, closing a key regulatory gap.

Supervision & Enforcement

Outgoing ASIC Chair Warns of Depleted Litigation Fund, Calls for Reform

02/06/2026

Joe Longo has flagged a critical funding shortfall for litigation, while calling for a new body to tackle Australia’s high regulatory burden.

Structural Regulation

Korea Set to Finalise Rules Around Dual Listings Ban

02/06/2026

New rules will curb the practice of listing subsidiaries to protect minority shareholders, with detailed criteria expected in early June.

AI Risk & Governance

BSP to Establish AI and Advanced Analytics Hub

02/06/2026

The central bank is setting up a new unit focused on leveraging data science for supervision, payments, and policy, appointing a former director to lead the initiative.

Structural Regulation

BSP Mandates New Digital Reporting Regime for Money Service Businesses

02/06/2026

The new framework requires money service businesses, including virtual asset service providers, to submit financial reports in XML format starting late 2026.