Payments & Settlements

Proposed Bill Seeks to Force New Zealand Businesses to Accept Cash

22/07/2025

A new members' bill proposes to force most businesses to accept cash for transactions up to NZD 500, prompting debate from industry groups.

Anti-Bribery & Corruption

Australia Proposes Amendments to Strengthen Modern Slavery Act

22/07/2025

Government consultation outlines a new enforcement framework, including financial penalties for non-compliance and expanded mandatory reporting requirements for large companies.

Sustainable Finance

UK, Philippines Launch Coalition to Boost Emerging Market Finance

22/07/2025

The coalition will develop a toolkit to guide financial institutions and investors in channelling capital towards climate and development projects in emerging markets.

Payments & Settlements

Australia Proposes Regulatory Framework for Cash Distribution System

21/07/2025

Australian regulators would gain new powers to oversee pricing, manage crises, and ensure service continuity in the cash-in-transit sector.

Reporting & Disclosures

Australia Completes Overhaul of Carbon Credit Transparency Rules

21/07/2025

The Clean Energy Regulator has completed a multi-stage overhaul of its carbon credit register to boost market integrity and transparency.

Reporting & Disclosures

Australia Consults on Product Labels to Combat Greenwashing

21/07/2025

Australia's government is seeking feedback on potential rules for the implementation of sustainable investment product labels to curb misleading claims.

Model Risk

HKMA Issues Updated Guidance on IRB Model Validation

21/07/2025

The updated guidance introduces stricter requirements on data architecture, conceptual model soundness, group-wide systems, and the use of external benchmarks

Market Risk

New Zealand KiwiSaver Funds See 'Dramatic' Shift to Higher Risk: FMA

21/07/2025

The FMA says the proportion of retirement funds in high-volatility category have quadrupled to over 40 percent since 2021, driven by multiple factors.

Clearing & Post-Trade

Australia Grants Clearing and Settlement Facility Licence to Clearstream

21/07/2025

ASIC granted the licence and the RBA has set out expectations for Clearstream to improve settlement arrangements and stakeholder engagement in the Australian market.