Credit Risk

Korean Regulators to Conduct 'Frequent Monitoring' of Private Credit Exposures

28/05/2026

Regulators have announced enhanced monitoring of the rapidly growing asset class, citing global concerns, but assess the current risk to the financial system as manageable.

Operational Risk

Australia Court Fines Westpac A$26 Million for Hardship Notice Failures

28/05/2026

The Federal Court of Australia has penalised Westpac for “grossly negligent” system failures that left vulnerable customers without assistance for years.

Structural Regulation

Australia Finalises Three-Tiered Prudential Framework for Banks

28/05/2026

APRA has formalised a three-tiered framework for banks, creating a new top tier and raising the threshold for 'significant' institutions to enhance proportionality.

Cryptocurrency

Korea to Mandate Reporting for Cross-Border Crypto Transactions

28/05/2026

New amendments to the Foreign Exchange Transactions Act will require virtual asset service providers to register and report all cross-border transfers to the central bank.

Cryptocurrency

Hong Kong Finalises Rules for Retail Funds’ Crypto and Staking Activities

28/05/2026

The SFC has detailed requirements for authorised funds to invest in spot virtual assets and engage in staking, while clarifying the treatment of licensed stablecoins.

Supervision & Enforcement

SFC Bans Former Compliance Head for Life for Misconduct

28/05/2026

The former responsible officer and compliance head was found culpable in a scheme that misused client funds and repeatedly misled the regulator.

Alternative Markets

Taiwan Pushes for Asset Management Overhaul to Compete as Regional Hub

28/05/2026

The FSC is urging the local asset management industry to scale up, outlining regulatory reforms to attract capital and compete with international rivals.

Custody & Infrastructure

Hong Kong Finalises Rules for Virtual Asset Advisory and Management

27/05/2026

New licensing regimes will align with existing securities rules, with a bill expected with this year completing the city’s core digital asset framework.

Trading & Investment

Taiwan Drafts Rules to Widen Onshore Access to Offshore Funds

27/05/2026

The FSC has proposed new rules allowing local investment firms to sell certain offshore funds to professional and high-asset clients.