AI Risk & Governance

BSP Issues Voluntary AI Governance Principles for Financial Sector

29/06/2026

The BSP has released guidance for FIs to develop their own AI governance frameworks, focusing on five key principles.

Anti-Money Laundering

Philippines Flags Tax Evasion as High Money Laundering Threat

29/06/2026

The AMLC has identified tax evasion, with estimated annual losses of PHP 500 billion, as a top money laundering threat in a new risk assessment.

Fraud, Scams & Cybercrime

Philippines Mandates Stronger Authentication for High-Risk Transactions

29/06/2026

Financial institutions must replace SMS and email one-time passwords with stronger methods for high-risk transactions starting 25 June.

Market Data & Technology

Tokyo Stock Exchange to Double Trading Capacity to Ensure Stability

29/06/2026

The exchange is undertaking its largest-ever system upgrade to enhance reliability and prevent disruptions following a surge in trading volumes.

Structural Regulation

Australia Passes Tax Reforms Targeting Property, CGT and Foreign Investment

29/06/2026

New laws overhaul capital gains tax, curb property investment strategies, and implement new tax rules for foreign investors.

Supervision & Enforcement

Korea Proposes Drastic Cut in Audit Supervision Cycle

29/06/2026

Regulators and academics are pushing to shorten the audit review cycle to as little as five years to bolster accounting transparency.

Credit Risk

BOK Warns on Financial Stability Risks From Debt, Leveraged Bets

28/06/2026

BOK financial stability report highlights growing risks from housing debt and leveraged stock market investments.

Emerging Prudential Risks

Australia to Ban Residential Property Borrowing by SMSFs

28/06/2026

The prospective ban has been criticised by industry as 'policy on the run' and a blow to 'mum and dad' investors.

Conduct, Culture & Accountability

ASIC Puts Car Lenders on Notice Over Distributor Oversight, High Fees

26/06/2026

A review by ASIC has found significant consumer harm in the car loans sector, prompting action on high fees, poor sales practices, and lax oversight of third-party distributors.