Market Infrastructure

BSP Proposes Amends to Disaster Relief Policy for Banks

05/06/2025

BSP wants to amend its relief policy for banks affected by natural calamities including waivers of penalties for late filings […]

Market Infrastructure

Australia FSC Issues Best Practice Framework for Super Funds

05/06/2025

The FSC has released a 12-principles superannuation best practice framework to improve retirement outcomes for fund members.

Capital / Liquidity

BSP Proposes Revised Basel III Operational Risk Rules for Banks

05/06/2025

The draft rules outline updated standards for operational risk capital, replacing existing approaches with a single “business indicator” metric.

Market Infrastructure

Philippine SEC Approves First Two Entrants to Regulatory Sandbox

05/06/2025

Pluang PH and GCash are the first companies to enter the SEC’s new sandbox, allowing them to pilot their platforms in a controlled environment.

Enforcement

ASIC Sues Westpac Unit for Systemic Misconduct 

04/06/2025

ASIC commenced civil penalty proceedings against a subsidiary of Westpac for “systemic” misconduct in arranging home loans.

Enforcement

ASIC Fines Australian Retirement Trust for Misleading Performance Data

03/06/2025

Australian Retirement Trust was issued an infringement notice because it published “out-of-date” performance data on its website.

Enforcement

ACMA Fines Telco for Breaching ID Verification Rules

03/06/2025

Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

Enforcement

New Zealand DIA Warns Money Remitter for AML Noncompliance

03/06/2025

The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

AML / KYC

BSP Approves Rules to Implement New Anti-Scam Law

03/06/2025

BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.