Fintech / Regtech

NZ Inland Revenue Department Consults on Open Banking

13/02/2025

New Zealand’s Inland Revenue Department is seeking information on open banking to develop a roadmap for potential use and adoption.

AML / KYC

Australia Passes “World-leading” Scams Prevention Legislation

13/02/2025

The law will introduce mandatory obligations for banks, telcos and social media platforms to prevent, detect and disrupt scams

Capital / Liquidity

HKMA Directs Banks to Enhance Interest Rate Risk Management

13/02/2025

The HKMA says AIs must strengthen the management of interest rate risk, emphasising CARs disclosure and usage of behavioural models.

Fintech / Regtech

CBA, Telstra Expands Fraud Detection Collaboration

12/02/2025

CBA and Telstra’s expanded pact will implement a new anti-scam technology to help protect customers from identity theft.

Crypto / Digital Assets

HKMA Consults on Amendments to Banking Capital Rules

12/02/2025

The amendments to certain definitions or provisions aim to enhance clarity and align with the Basel framework.

Market Infrastructure

Australian Banks Agree to Pause Rural Branch Closures

12/02/2025

Banks to pause rural branch closures until 2027 and also make their services available via Australia Post.

Australia Updates Education Requirements for Financial Advisers

11/02/2025

The reforms will create a more sustainable education pathway and help address the current supply shortage of financial advisers.

Enforcement

APRA Accepts Court Enforceable Undertaking from Cbus

11/02/2025

APRA accepted a CEU from Cbus and simultaneously launched a new probe into the firm for possible SIS Act breaches.

Hong Kong FSDC Signs Pact with Kuwait Capital Markets Authority

08/02/2025

The MoU focuses on mutual cooperation, information exchange, and the promotion of innovative financial products and services.