Australia to Consult on Changes to Financial Advice Framework

10/02/2023

The newly released quality of advice review report offers 22 recommendations for regulatory changes to make financial advice more affordable and accessible.

AML / KYC

Swiss Prosecutors Investigate Credit Suisse’s 2022 Data Leak

08/02/2023

The investigation centres on suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws.

Fintech / Regtech

Industry Bodies Call on ACCC to Intervene Against ING

08/02/2023

FinTech Australia and FDATA say ING’s planned platform upgrade will invalidate thousands of CDR consents and force consumers to redo the process.

Securities / Derivatives

Hong Kong, Saudi Exchanges to Explore Cross Listings

07/02/2023

A delegation to Saudi Arabia led by Hong Kong chief executive John Lee will try to persuade Aramco to list on HKEX’s market.

Crypto / Digital Assets

Korean Crypto Firms Face AML Inspections, Disclosure Rules

06/02/2023

The inspections will prioritise high-volume crypto businesses with high money laundering risks. The disclosure system will cover issuance, listing and circulation.

Market Infrastructure

Existing FMI Rules Are Sufficient to Address Climate-related Risks

03/02/2023

DTCC says the regulatory frameworks and standards contained within the PFMI are sufficient to address climate-related financial risks faced by FMIs.

Fintech / Regtech

BSP Invites Firms to Participate in Open Finance Rule-Making

02/02/2023

Financial institutions and fintech firms are invited to participate in the development of rules and standards for the Philippine Open Finance Pilot.

Securities / Derivatives

US SEC Proposes Amendments to Staff Trading Rules

02/02/2023

Investments in financial industry sector funds will be prohibited. The SEC will be able to collect employee trading data via an automated electronic system.

Market Infrastructure

ASX to Introduce New Measures for Handling Outages

01/02/2023

ASX will introduce new order and trade download services and a ‘cancel only’ session state. A proposed intraday restart capability will not proceed.