ESG / Sustainability

ASIC Publishes Findings from Anti-Greenwashing Surveillance

26/08/2024

ASIC published findings, recommendations and good practice examples from its surveillance activities during the financial year 2023–2024.

HKMA, HKAB Form New Joint Taskforce on SME Lending

25/08/2024

The taskforce will work on ensuring effective implementation of the measures announced in March and addressing difficulties encountered by individual SMEs.

Enforcement

HK Court Jails SME Director Over HK$100m Bank Loan Fraud

24/08/2024

The company director was sentenced to 30 months’ imprisonment for defrauding seven banks and deceiving the TID and HKMC into issuing guarantees.

Capital / Liquidity

APRA Increases Capital Add-on Imposed on ANZ Bank

23/08/2024

APRA said several issues emerging in ANZ’s markets business have increased its “longstanding concerns” about the bank’s non-financial risk management.

Enforcement

NZ Court Fines Ex-Insurer for Disclosure Breaches

23/08/2024

The High Court ordered former CBLC Managing Director Peter Harris to pay NZD 1.4 million for breaching financial market rules in a case brought by the FMA.

APRA Finalises Cross-industry Standard on Defined Terms

23/08/2024

The new standard, CPS 001, will act as a central glossary for ADIs and insurers to promote more consistent definitions going forward.

ESG / Sustainability

HKMA Issues Guidance for Banks on Climate Risk Governance

23/08/2024

The guidance is aimed at helping banks to develop and enhance their governance structures and oversight frameworks for climate risk.

AML / KYC

Hong Kong, Macao Authorities Arrest Seven in Joint Operation

23/08/2024

The SFC, ICAC and the Macao Judiciary Police arrested seven individuals for suspected fraud, including the chairman of a listed company.

ESG / Sustainability

BSP, NBC to Cooperate on Payment System Connectivity, Digital Finance

22/08/2024

The central banks will collaborate on payment connectivity, digital finance innovation, AI, cyber security, and sustainable finance.