China to Issue New Rules for Debt Collectors in August

01/06/2023

One of China’s biggest debt collection firms is considering ceasing operation due to tightening supervision of the industry.

Fintech / Regtech

Korea Launches New Online Loan Switching Platform

01/06/2023

The new online platform allows existing borrowers to search for and switch to more favourable loan deals.

Market Infrastructure

RBA Publishes Findings from Payments Infrastructure Review

30/05/2023

The external review was conducted by Deloitte in response to a four-hour outage suffered by the RBA in October 2022.

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.