Crypto / Digital Assets

BIS Paper Calls for Stronger Rules for Stablecoins and DeFi

17/04/2025

The authors say rules should be embedded in DeFi smart contracts and oversight of stablecoins should be strengthened.

Enforcement

IBK’s Union to Pay Rewards for Whistleblower Reports

17/04/2025

The union representing IBK employees have introduced an initiative that incentivises whistleblowers for reporting misconduct.

Enforcement

Korea FSS Launches Probe into ETF Management Practices

17/04/2025

The FSS’s probe will examine the use of synthetic swaps, ETF creation practices, securities lending behaviour, and ETF mispricing issues.

Enforcement

Japan FSA Orders Prudential Life Insurance to Address Misconduct

16/04/2025

The FSA ordered Prudential Life Insurance to submit a detailed plan for addressing fraud and data breaches by former employees.

Korea FSC to Ease Burden of Auditor Designation Rule

16/04/2025

The draft amendments will allow companies with strong governance to postpone regulatory-mandated auditor designations.

JPX Investigates Potential Data Exposure After Email Security Breach

16/04/2025

A breach at email security services provider IIJ affected up to 4 million email accounts. JPX is assessing whether its own data was compromised.

AML / KYC

Korea FSS Announces Measures to Improve Access to Bank Services

14/04/2025

Banks are instructed to provide foreign language translations for essential documents and expand foreign language support within their mobile apps.

Capital / Liquidity

Korea Announces Emergency Measures to Protect Auto Industry

14/04/2025

Hyundai Motor Group and FIs will establish a KRW 1 trillion co-financing programme to support suppliers through loans, guarantees, and bond issuances.

Enforcement

Kakao Pay Facing Hefty Fine for Unauthorised Data Transfers

13/04/2025

Between April 2018 and May 2023, Kakao Pay transferred data to China’s Alipay belonging to approximately 40.45 million individuals