Conduct, Culture & Accountability

ASIC Outlines Strategic Priorities in New Corporate Plan

24/08/2022

ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.

Conduct, Culture & Accountability

Australia to Increase Max Penalties for Anti-Competitive Conduct

23/08/2022

The maximum penalties for breaches of competition and consumer laws companies are being raised five-fold for both individuals and corporates.

Structural Regulation

FSC Korea to Revise 5pc Shareholding Disclosure Rule

23/08/2022

The revisions will require more detailed information to be disclosed regarding the purpose of shareholding. Initial adoption will be on a voluntary basis.

Payments & Settlements

RBI Consults on Charges Levied in Payment Systems

18/08/2022

The RBI carried out a review of payment system charges, which consumers complain are “high and non-transparent”.

Cryptocurrency

South Korea Launches Private-Public Taskforce on Digital Assets

18/08/2022

The new taskforce will examine new legislation that ensures a “proper balance” between innovation, and investor protection and financial stability.

Trading & Investment

SFC, CSRC Agree to Align Trading Calendars for Stock Connect

15/08/2022

Northbound and southbound Stock Connect trading will be possible on all trading days when both the Hong Kong and Mainland China markets are open.

Emerging Prudential Risks

APRA Corporate Plan Highlights Focus on Industry Resilience

14/08/2022

In its latest corporate plan, APRA said its focus is to ‘protect the community today’ and ensure the financial system is ‘prepared for tomorrow’.

Anti-Money Laundering

INTERPOL Calls for Urgent Action to Tackle Pollution Crime

12/08/2022

Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.

Capital Adequacy

Korea: New FSC Administration Sets Out Policy Agenda

11/08/2022

The agenda sets out measures to ensure financial stability, encourage digital transformation, improve the capital markets, and introduce new regulations for digital assets.