Conduct, Culture & Accountability

ASIC Targets Death Benefit Claims Handling at Super Funds

25/11/2024

ASIC issued notices on ten superannuation trustees requesting data and documents on their death benefit claims handling practices.

Sustainable Finance

HKMA Launches ‘Professional Level’ ECF for Sustainable Finance

23/11/2024

The “Professional Level” of the ECF-GSF aims to help mid- and senior-level bankers develop professional competencies in Green and Sustainable Finance.

Supervision & Enforcement

ASIC Sets Out Enforcement Priorities for 2025

20/11/2024

ASIC’s enforcement priorities reflect the increased risks consumers are facing that are being driven by cost of living pressures.

Payments & Settlements

Australia Sets Out Roadmap for Ending Cheque Use

19/11/2024

Cheques will stop being issued by mid-2028 and stop being accepted on 30 September 2029.

Structural Regulation

ASX Files Defence in ASIC’s Misleading Statements Case

19/11/2024

CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.

Trading & Investment

HKEX, HSIL Launch New Index Focused on Stock Connect

19/11/2024

The ‘Stock Connect China Enterprises Index’, or SCCEA, will track the largest Chinese companies under the Stock Connect scheme.

Payments & Settlements

HKMA Asks Merchant Acquiring Banks to Promote Mobile POS

19/11/2024

Banks are asked to promote adoption of mobile POS terminals by merchants to help expand coverage “as far as practicable”.

Conduct, Culture & Accountability

ASIC Sues NAB for Slow Response to Financial Hardship Claims

19/11/2024

ASIC says NAB and a subsidiary failed to respond to financial hardship applications within 21 days as required by law.

Cryptocurrency

HKEX Goes Live With New Virtual Asset Index Series

18/11/2024

The HKEX Virtual Asset Index Series consists of a reference index and reference rate for both Bitcoin and Ether.