Enforcement

ASIC Sues NAB for Slow Response to Financial Hardship Claims

19/11/2024

ASIC says NAB and a subsidiary failed to respond to financial hardship applications within 21 days as required by law.

Crypto / Digital Assets

HKEX Goes Live With New Virtual Asset Index Series

18/11/2024

The HKEX Virtual Asset Index Series consists of a reference index and reference rate for both Bitcoin and Ether.

Market Infrastructure

Philippines Launches Peso Interest Rate Swaps Market

18/11/2024

The PESO IRS market will help deepen the capital market, boost trading and liquidity, and promote the development of yield curves.

Capital / Liquidity

HKMA Codifies Regulatory Expectations on Money Brokers

18/11/2024

New SPM module codifies existing requirements and standards for approved money brokers and elaborates on HKMA’s supervisory process.

Crypto / Digital Assets

HKMA Warns Crypto Firms Against Misusing “Bank” Label

18/11/2024

The HKMA says misuse of the label “bank” by unlicensed crypto firms may constitute a contravention of the Banking Ordinance.

AML / KYC

Australia Consults on Enhanced Beneficial Ownership Reforms

15/11/2024

The reforms aim to increase the disclosure of ownership information for listed companies and broaden the ASIC’s regulatory enforcement powers.

Securities / Derivatives

HKEX Successfully Completes First Severe Weather Trading Day

15/11/2024

HKEX confirmed that all trading, settlement and clearing operations in its securities and derivatives markets functioned normally.

Enforcement

SFC Commences Additional MMT Proceedings in Ding Yi Feng Case

15/11/2024

Proceedings commenced in March involve manipulation that occurred between March and September 2018. The new proceedings involve manipulation from between October 2018 and March 2019.

ESG / Sustainability

APRA Releases Results of Latest Climate Risk Self-Assessments

14/11/2024

Climate risk maturity has improved at larger entities. APRA plans to amend its prudential standards on risk management to include climate risk.