Conduct, Culture & Accountability

ASIC Finalises Guidance on How FSCP Will Work

05/08/2022

FSCP sitting panels will comprise an ASIC staff member as chair and at least two external members from the FSCP’s pool of industry participants.

Structural Regulation

ASIC Again Extends Transitional Relief for Foreign Financial Firms

03/08/2022

The extension has likely been announced to allow the new government time to consider legislative reforms for foreign financial services providers.

Structural Regulation

Thai SEC Proposes Rules to Prevent Misuse of IPO Channel

03/08/2022

The amendments will prevent listed companies from operating as investment companies and circumventing rules applicable to fund managers.

Reporting & Disclosures

SFC Sets Out Next Steps on Green Transition Agenda

03/08/2022

The agenda focuses on enhancing corporate disclosures, monitoring implementation of existing measures, and advancing work on a carbon market.

Fraud, Scams & Cybercrime

ACCC Chair Calls for Joint Response to Financial Scams

21/07/2022

ACCC chair Gina Cass-Gottlieb says banks have a responsibility to protect customers from investing in scam cryptocurrency schemes.

Structural Regulation

FSC Korea Launches New Committee to Lead Reform Efforts

21/07/2022

The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.

Climate Risk

China: One Year In, Poor Data Slowing Carbon Market Growth

20/07/2022

China’s Ministry of Ecology and Environment is nevertheless optimistic, saying the carbon market launched last July has achieved positive results.

ESG Data

Japan FSA Proposes Code of Conduct for ESG Data Providers

20/07/2022

The Code of Conduct offers six principles for ESG evaluation and data providers to adopt, and is open for consultaiton until 5 September.

Cloud & Infrastructure

HKMA Issues Regtech Guide on Third-Party Risk Management

19/07/2022

The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.