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.

Enforcement

Korean Officials Vow to Eradicate Unfair Trading from Capital Market

24/05/2023

Korean officials will seek tougher sanctions and penalties as well as regulatory improvements to the current CFD trading system.

Enforcement

Meta Fined Record $1.3b for Violating EU GDPR

24/05/2023

Meta Ireland has been given six months to ensure its data processing operations for European users comply with GDPR.

AML / KYC

SFC Finalises Licensing Regime for Crypto Trading Platforms

24/05/2023

The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.