Fraud, Scams & Cybercrime

CBA, Vodafone Announce Scam Intelligence Sharing Partnership

13/12/2023

CBA and Vodafone are sharing intelligence on SMS scams to help disrupt, detect and block fraudulent payments.

Structural Regulation

BSP Extends Moratorium on New E-Money Licences

13/12/2023

The BSP has extended its moratorium on applications for new non-bank e-money issuers until 15 December 2024.

Reporting & Disclosures

ACCC Issues Finalised Guidance on Greenwashing

13/12/2023

The guidance comprises eight principles to help businesses ensure their environmental and sustainability claims comply with the law.

Market Risk

APRA Advances Proposals on Interest Rate Risk Management

13/12/2023

APRA updated its revisions to APS 117 based on consultative feedback and is now consulting on changes that are relevant to smaller banks.

Supervision & Enforcement

Australia to Increase Tax Practitioners Board’s Enforcement Powers

12/12/2023

New consultations propose to strengthen the Tax Practitioners Board’s sanctions regime and expand its Code of Professional Conduct.

Cybersecurity

APRA Identifies Defective Cyber Controls at NGS Super

08/12/2023

APRA said multiple reviews identified deficiencies in NGS’ compliance with its standards on information security.

Capital Adequacy

Hong Kong IA Consults on Subsidiary Rules for Risk-based Capital Regime

08/12/2023

The IA is consulting on two subsidiary rules to tie in with the implementation of a risk-based capital regime for insurers set to commence next year.

Conduct, Culture & Accountability

HKAB, DTCA Issue Revised Banking Code of Practice

08/12/2023

Banks are expected to achieve full compliance with the new Code within 6 months. More time is given for provisions involving complex system changes.

Cybersecurity

HSBC Trials Quantum Protection for AI-powered FX Trading

07/12/2023

HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.