Enforcement

ASIC is Targeting Misconduct in Superannuation Sector

16/11/2023

ASIC says it will take strong, targeted enforcement action in relation to “member services failures in the super sector”.

Securities / Derivatives

NZ FMA Consults on Approach to “Fair Outcomes” Regulations

16/11/2023

The FMA is consulting on seven “fair outcomes” it wants financial service providers to deliver for consumers and markets.

HK FSDC Forms Hong Kong Academy for Wealth Legacy

16/11/2023

The academy will foster collaboration, networking, knowledge sharing and talent development across Hong Kong’s family office industry.

Market Infrastructure

Australia Proposes Legislation to Cut Red Tape from Financial Advice

15/11/2023

The draft legislation responds to several recommendations of the quality of advice review released early this year.

Capital / Liquidity

APRA Proposes Changes to Liquidity Management Rules for Banks

15/11/2023

Smaller banks will have to value liquid assets on a mark-to-market basis. Debt securities issued by other banks will no longer be considered eligible liquid assets.

Crypto / Digital Assets

ASIC Sheds Light on Losses Recovered for Retail Derivatives Investors

13/11/2023

Seven CFD issuers and Binance Australia Derivatives paid A$17.4mn in compensation to over 2,000 retail clients since March 2021.

Market Infrastructure

ASIC Says Cyber Resilience “Must be a Top Priority”

13/11/2023

ASIC’s cyber pulse survey found “significant” cyber security risk management deficiencies at listed companies and licensed entities.

Enforcement

Korea FSS Fines Woori Over Fresh Embezzlement Case

13/11/2023

Woori’s latest embezzlement case involves an employee who stole over KRW 200 million from the bank.

Securities / Derivatives

HKEX Shines Spotlight on HK’s Role as Fundraising Hub

12/11/2023

New report from HKEX discusses Hong Kong’s listing regime, further planned enhancements, and why international companies should choose to list in the city.