Market Infrastructure

ASIC Commences Work on Regulatory Simplification Reforms

13/03/2025

ASIC’s new “Simplification Consultative Group” is developing a discussion paper that will be released around Q3.

Fintech / Regtech

BSP to Issue Draft Rules on Managing AI Risks Within H1 2025

12/03/2025

The BSP’s new regulations on AI risk management in the financial sector are set to be released within the first half of this year.

Enforcement

ASIC Sues AustralianSuper for Breaching Regulatory Obligations

12/03/2025

AustralianSuper allegedly failed to process death benefit claims and pay members’ benefits in a timely manner.

AML / KYC

Australia Recorded Further Declines in Scam Losses in 2024

12/03/2025

A new ministerial direction will strengthen the pathways for victims to seek compensation for scam losses.

Market Infrastructure

RBA: Find Common Ground on Decommissioning BECS

11/03/2025

The RBA found insufficient industry coordination, planning and certainty regarding decommissioning the BECS.

Capital / Liquidity

BSP Drafts Rules on Voluntary Bank Licence Surrender

11/03/2025

Banks wishing to give up their banking licence need prior BSP approval and must have sufficient liquid assets to repay liabilities

ESG / Sustainability

ASFI Granted Authorisation to Engage on Sustainable Finance

11/03/2025

The authorisation allows ASFI and its members to engage in discussions and exchange information in relation to sustainable finance solutions.

Market Infrastructure

HKEX Adds SET to List of Recognised Stock Exchanges

11/03/2025

The decision means companies with a primary listing in Thailand can apply for a secondary listing in Hong Kong.

Capital / Liquidity

New Zealand Banks Call on Lawmakers to Reconsider Capital Rules

11/03/2025

New Zealand’s large banks have asked lawmakers to consider whether the capital rules set by the RBNZ are too onerous.