Enforcement

ASIC Sues Mercer Super Over Alleged Reporting Failures

15/08/2025

ASIC alleges Mercer Super failed to report investigations into serious member service issues, including for deceased members.

Fintech / Regtech

RBI Committee Proposes AI Governance Framework for Financial Sector

15/08/2025

High-level committee calls for mandatory board policies, AI audits, and public disclosures to govern the use of artificial intelligence.

Capital / Liquidity

Korea Overhauls Small Business Debt Fund as Applications Surge

14/08/2025

The FSC is relaxing eligibility rules and boosting support for the “New Start Fund” after on-site consultations with business owners.

Enforcement

NZ Govt Intervenes to Prevent FMA Litigation Funding Shortfall

14/08/2025

The move will enable the FMA to retain costs awarded to it by the courts. The regulator warned in June that its litigation funding was at risk of being fully depleted.

Market Infrastructure

Korea to Revise Accounting Rules to Boost Infrastructure, VC Investments

14/08/2025

Regulators have clarified rules for infrastructure funds to reduce earnings volatility and are reviewing guidelines for venture capital investments.

APRA, ASIC Issue Warning to Super Funds on Retirement Planning

14/08/2025

Only 33% of Australians aged 50-66 are confident they will have a financially comfortable retirement, and just 18% have a clear financial plan before leaving the workforce.

Market Infrastructure

Malaysia Launches Cloud Computing Policy, Data Sovereignty Rules

14/08/2025

Malaysia’s new framework requires critical data to be stored in-country and calls for CSPs to develop tailored security guidelines that align with BNM's RMiT policy.

Enforcement

Australian Court Penalises NAB Over Hardship Assistance Failures

14/08/2025

The Federal Court has penalised NAB and its subsidiary, AFSH, for failing to respond to hundreds of customers experiencing financial difficulty.

Fintech / Regtech

India's Cross-Border UPI Payments Surge as Global Footprint Expands

14/08/2025

Transaction volumes and values show sharp growth in the current fiscal year, after the UPI system went live in seven countries.