Enforcement

PwC Australia Announces Removal of Nine Partners

30/05/2023

PwC Australia has directed nine partners to go on leave pending the outcome of an investigation into the leak of confidential government information.

ESG / Sustainability

NZ FMA to Issue Additional Guidance on Climate Disclosures

30/05/2023

The FMA will issue guidance covering monitoring, third-party providers, record-keeping, and scenario analysis in June and July.

AML / KYC

Taiwan Intensifies Crackdown Against Fake Online Ads

29/05/2023

The FSC is working with Meta and Google to remove misleading investment advertisements from their platforms.

Capital / Liquidity

Korea Working on More Measures to Address Real Estate PF Risks

28/05/2023

Regulators are extending support measures, encouraging write-offs of loss-making assets, and reassessing risk weights.

Market Infrastructure

APRA Directs Regulated Entities to Address MFA Implementation Gaps

26/05/2023

Multi-factor authentication is one of the “most effective controls” an organisation can implement to unauthorised access to a device or network, APRA says.

Australia to Expand AFCA Remit to Superannuation

25/05/2023

Proposed changes will allow AFCA to hear complaints relating to superannuation whether or not they meet the definition of superannuation complaint in the Corporations Act.

First Citizens Sues HSBC for Hiring Ex-SVB Employees

25/05/2023

First Citizens says a former SVB executive moved to HSBC and executed a scheme to “plunder” trade secrets.

Enforcement

PwC Australia Referred for Possible Criminal Investigation

25/05/2023

Treasury referred PwC to the AFP to consider a criminal probe related to a leak of confidential tax policy information.

Market Infrastructure

SGX to Launch First Depository Receipts on 30 May

24/05/2023

The inaugural depository receipts will be issued by Phillip Securities and represent ownership in Thailand’s AOT and PTT Exploration & Production.