Conduct, Culture & Accountability

Australia: Enforcement of New FAR Regime to Be Delayed

05/02/2024

APRA and ASIC acknowledged that banks may need more time to comply with some FAR requirements due to delays finalising some rules.

Operational Risk

APRA Outlines Supervision and Policy Priorities for H1 2024

01/02/2024

APRA’s priorities will include operational and cyber resilience, and embedding lessons from last year’s banking turmoil, among other areas.

Market Abuse

Westpac Fined A$9.8m for 2016 Pre-Hedging Case

31/01/2024

Westpac will pay the maximum penalty of A$1.8mn allowed in 2016 for unconscionable conduct and another A$8mn for ASIC’s costs.

Payments & Settlements

HKMA, BOT to Enhance Cross-border Collaboration

31/01/2024

HKMA and BOT will explore the use of local currencies in cross-border trade and collaboration in financial digitalisation, fintech, and sustainable finance.

Conduct, Culture & Accountability

Korea Increases Rewards for Capital Market Whistleblowers

31/01/2024

Whistleblower reports can also be filed anonymously, to better protect reporters of unfair transactions and market misconduct.

Fraud, Scams & Cybercrime

Taiwan Launches Campaign to Drive Anti Fraud Innovation

31/01/2024

The campaign will use seminars, co-creation workshops, and pilot testing to promote innovative approaches to combatting fraud.

Trading & Investment

SGX, IDX to Explore Dual Listings Under New MoU

30/01/2024

SGX and IDX will explore collaboration on depositary receipts, ETF cross-listings, index development, and dual listings.

Payments & Settlements

BOT, SET Push New Digital Payments Infrastructure on Businesses

30/01/2024

The BOT and SET are promoting the use of a new payment infrastructure called “PromptBiz” to facilitate the digitalisation of the business sector.

Trading & Investment

KOFIA to Draw Up Measures to Resolve ‘Korea Discount’

25/01/2024

Measures include inducing listed companies to improve their dividend payout ratios and enhance investment returns for shareholders.