Hong Kong MPFA Reviews Default Fund Rules for Ageing Workforce

04/09/2025

The MPFA is reviewing fee caps and de-risking mechanisms for its low-cost default investment option to meet the needs of the city's "silver economy".

Enforcement

Australian Senate Terminates Inquiry into Wealth Management Collapses

04/09/2025

Senate committee declines to resume inquiry into Dixon Advisory, prompting calls for renewed scrutiny amid fresh fund failures.

Fintech / Regtech

Korea FSS Urges Stronger Controls After Lotte Card Data Breach

04/09/2025

The FSS has called for tighter internal safeguards and expedited consumer protection following a data leak at Lotte Card that went undetected for 17 days.

ESG / Sustainability

New Zealand Proposes to Defer Key Climate Disclosures Deadlines

04/09/2025

The XRB is seeking feedback on extending exemptions for Scope 3 emissions and anticipated financial impact disclosures.

Fintech / Regtech

Philippine Bankers Association Developing New Scam Blocking Protocol

04/09/2025

The new protocol will incorporate AI and big data analytics to facilitate real-time alerts and fund blocking once scam-related activity is reported.

Securities / Derivatives

Shenzhen to Issue First Green Bonds in Macao

04/09/2025

The issuance, a first for the Shenzhen Government in Macao, aims to deepen financial cooperation in the GBA and bolster Macao’s bond market.

Securities / Derivatives

Philippine SEC to Release Revised Rules for REITs By Q4

04/09/2025

The SEC plans to expand eligible assets, extend reinvestment periods, and simplify registration to bolster the country's capital market.

Fintech / Regtech

Kakao Risks Losing Control of Kakao Bank Over Regulatory Breach

04/09/2025

A potential criminal penalty could force the tech giant to sell down its majority stake in its digital bank due to shareholder eligibility rules.

Securities / Derivatives

Chinese SOE Issues First Publicly Tradeable Tokenised Bond

04/09/2025

This is the first time tokenised securities created on a public blockchain have been formally listed for trading on traditional financial exchanges.