AML / KYC

Australia Recorded Further Declines in Scam Losses in 2024

12/03/2025

A new ministerial direction will strengthen the pathways for victims to seek compensation for scam losses.

Market Infrastructure

RBA: Find Common Ground on Decommissioning BECS

11/03/2025

The RBA found insufficient industry coordination, planning and certainty regarding decommissioning the BECS.

Capital / Liquidity

BSP Drafts Rules on Voluntary Bank Licence Surrender

11/03/2025

Banks wishing to give up their banking licence need prior BSP approval and must have sufficient liquid assets to repay liabilities

ESG / Sustainability

ASFI Granted Authorisation to Engage on Sustainable Finance

11/03/2025

The authorisation allows ASFI and its members to engage in discussions and exchange information in relation to sustainable finance solutions.

Market Infrastructure

HKEX Adds SET to List of Recognised Stock Exchanges

11/03/2025

The decision means companies with a primary listing in Thailand can apply for a secondary listing in Hong Kong.

Capital / Liquidity

New Zealand Banks Call on Lawmakers to Reconsider Capital Rules

11/03/2025

New Zealand’s large banks have asked lawmakers to consider whether the capital rules set by the RBNZ are too onerous.

AML / KYC

Australia Directs ACMA to Implement New Standard to Prevent SMS Scams

11/03/2025

The new standard will require telcos to check whether SMS messages sent using a sender ID correspond with the legitimate registered sender.

ESG / Sustainability

APRA Launches Review of Prudential Governance Framework

07/03/2025

APRA proposes a lifetime default tenure limit of 10 years for non-executive directors of banks, insurers, and super funds.

Market Infrastructure

HKMA Directs Banks to Comply With New Guidance for Insurance Sales

06/03/2025

The new IA guidance sets caps on rates that can be used to illustrate the benefits of insurance products.