Custody & Infrastructure

SFC Issues Circular Offering Clarity on VATP Licensing Process

19/12/2024

VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.

Payments & Settlements

ANZ Expands Cross-border Payments Service to More Banks

19/12/2024

The service will allow more than 400 international banks to route inbound cross-border payments through Australia’s NPP.

Market Data & Technology

HKEX Launches New Data Marketplace for Investors

19/12/2024

“HKEX Data Marketplace” will allow data users to access historical and reference data on securities and derivatives.

Cryptocurrency

Hong Kong SFC Grants Four New Virtual Asset Licences

19/12/2024

The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants

Operational Risk

APRA Identifies Valuation Governance Weaknesses at Super Funds

18/12/2024

APRA said superannuation trustees need to further enhance their valuation and liquidity risk management practices.

Reporting & Disclosures

New Zealand FMA Censures Pathfinder for Misleading Representations

18/12/2024

The FMA said Pathfinder Asset Management should have included information in social media ads about exceptions permitted by its ethical investment policy

Data Privacy

Australia Settles Meta Lawsuit Over Cambridge Analytica Scandal

18/12/2024

Meta agreed to pay A$50 million to compensate Australian Facebook users who had their personal information disclosed without consent.

Fraud, Scams & Cybercrime

Japan FSA Orders MUFG to File Report on Safe Deposit Box Thefts

18/12/2024

The FSA ordered MUFG Bank to submit a report on the theft of customer assets from 60 safe deposit boxes by a former employee.

Trading & Investment

Malaysia Launches Trading in Used Cooking Oil Futures

18/12/2024

The new aims to address the need for price transparency and risk management tools in the growing used cooking oil market.