AML / KYC

SFC Imposes 5-Month Ban on Former Lion Futures Director

22/05/2025

The SFC banned a former MIC for five months over his role in Lion Futures’ failure to comply with AML/CFT requirements between 2017 and 2019.

Market Infrastructure

ISDA Urges Australian Super Funds to Enhance Risk Management

22/05/2025

Super funds should be proactive in managing counterparties and third-party suppliers, as ineffective management can result in operational losses, regulatory attention and remediation costs.

NZ ‘Golden Visa’ Applications Surge After Rule Relaxation

22/05/2025

Investor visa demand has increased following a loosening of eligibility rules, with Chinese applicants leading the rise.

Enforcement

ASIC Sues Home Loan Manager Resimac Over Hardship Failures

22/05/2025

ASIC alleges the home loan manager breached the law by not properly assessing or supporting borrowers struggling with repayments.

Crypto / Digital Assets

Hong Kong Legislative Council Passes Stablecoin Ordinance

21/05/2025

The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.

Market Infrastructure

Hong Kong, Shenzhen Launch First GBA Indexes

21/05/2025

The indexes will comprise constituents listed on the SZSE as well as HK-listed securities eligible for trading under Stock Connect.

Capital / Liquidity

New Zealand: Consumer Lending Law Reform Passes First Reading

21/05/2025

The government is seeking to simplify affordability assessments while keeping consumer safeguards in place.

Fintech / Regtech

HKMA Partners with Transport Bureau to Boost Trade Finance

20/05/2025

Banks will gain access to real-time cargo status data, enabling them to assess clients’ operational performance more effectively.

China Unveils Technological Self-Sufficiency Grand Plan

20/05/2025

The five-year plan combines R&D targets with substantial financial support from the PBOC and regional pilot programmes in Guangdong Province.