Sustainable Finance

Hong Kong Forms New Committee to Advance Green Agenda

27/06/2023

The committee will advance Hong Kong’s green technology and finance ambitions and enhance cooperation with GBA cities.

Operational Risk

APRA Imposes Capital Charge on Medibank Over 2022 Hack

27/06/2023

APRA has decided to increase Medibank’s capital adequacy requirement for operational risk by A$250mn.

Conduct, Culture & Accountability

Australia: PwC’s Breach of Trust was “Calculated”, Says Senate Committee

27/06/2023

Lawmaker Richard Colbeck has called for a wider probe into PwC, saying the information released to date showed the scandal “extended internationally”.

Credit Risk

Hong Kong: Relief Programme for SME Borrowers to End in September

26/06/2023

The principal moratorium arrangement under the SME Financing Guarantee Scheme will be extended three more months and then end.

Fraud, Scams & Cybercrime

Malaysia Threatens Legal Action Over ‘Harmful’ Facebook Content

26/06/2023

Bursa Malaysia has backed the communications regulator’s move to take action against Meta for its failure to remove scam posts.

Structural Regulation

Philippine Central Bank Set to Get New Governor

25/06/2023

Eli Remolona, who previously spent more than 30 years between the NY Fed and BIS, will serve a six-year term as BSP governor starting 3 July.

Reporting & Disclosures

BNM Issues New Roadmap for Advancing Financial Inclusion

25/06/2023

BNM outlines the key barriers to financial inclusion, and four strategic enablers that will support further progress.

Conduct, Culture & Accountability

Australia Passes Bill to Establish Compensation Scheme of Last Resort

25/06/2023

The CSLR will facilitate the payment of up to A$150,000 in compensation for financial services consumers who have unpaid determinations from AFCA.

Conduct, Culture & Accountability

FSC Korea to Make Bank Execs Accountable for Internal Controls

25/06/2023

CEOs will have to establish “responsibilities maps” showing how internal control responsibilities are shared and divided among executive officers.