Market Infrastructure

South Korea Places New Reigns on Predatory Lenders

25/07/2025

The FSS will block phone numbers and social media accounts used for illegal debt collection and charging usurious interest rates.

Sanctions

US Sanctions North Korean IT Network Funding Weapons Programmes

25/07/2025

OFAC designated an alleged front company and three individuals for using fraudulent IT workers to generate revenue for North Korea's missile development.

ESG / Sustainability

IFRS Foundation Issues "Near-Final" Guidance on Climate Reporting

25/07/2025

The IFRS Foundation says the examples show how existing accounting standards apply to climate uncertainties, with significant implications for financial institution credit risk models.

Market Infrastructure

Vietnam To Launch Central Clearing Counterparty System in 2027

25/07/2025

The SSC has outlined a multi-year plan involving legal reforms and the creation of a dedicated clearing subsidiary, targeting a Q1 2027 implementation.

Enforcement

Australian Court Rejects ASIC's ‘Finder Earn’ Product Appeal

25/07/2025

ASIC says the court’s decision highlights challenges in applying Australia’s existing financial services laws to crypto-asset products

Securities / Derivatives

ISLA, FIX Trading Collaborate to Standardise Securities Lending

25/07/2025

ISLA and FIX Trading will align the Common Domain Model and FIX protocol to enhance efficiency and reduce settlement failures.

Enforcement

Hong Kong PCPD Probes Cathay Pacific Data Breach

25/07/2025

The compliance check into a Cathay Pacific data breach follows a recent investigation into a Qantas data breach, signalling heightened regulatory scrutiny on data protection in the city.

Market Infrastructure

EBA Upholds Strict EU Market Access Rules for Third-Country Banks

25/07/2025

The EBA has found no case to ease branch requirements for third country firms that provide core banking services into the EU.

Fintech / Regtech

Hong Kong Developing New Rules to Support Elderly Banking Consumers

25/07/2025

Regulators will issue elderly-friendly banking guidelines to improve the banking experience for seniors, and require banks to offer a "default no-online banking" option to customers.