Enforcement

UK CMA Fines Banks $132m for Anti Competitive Conduct

24/02/2025

Citigroup, HSBC, Morgan Stanley, and RBC were fined. Deutsche Bank also participated but was granted immunity for reporting the misconduct.

Crypto / Digital Assets

Japan to Ease Stablecoin and Crypto Brokerage Regulations

24/02/2025

The reforms would introduce a new “intermediary” category for crypto brokerage businesses and allow stablecoins to be backed by a broader range of assets.

Enforcement

Federal Court Orders AustralianSuper to Pay A$27m Penalty

24/02/2025

AustralianSuper failed to merge duplicate accounts, resulting in members incurring redundant administration fees, insurance premiums, and lost investment earnings.

Enforcement

FSS Korea’s 2025 Inspection Strategy to Target Internal Controls

23/02/2025

The FSS will conduct 9% more inspections in 2025 compared to 2024, focusing on areas such as internal controls, risk prevention, misconduct, and high-risk product sales.

Capital / Liquidity

BIS Report Says AI Eases Credit Volatility in Banking

23/02/2025

During the pandemic, Italian banks that used AI-based credit scoring systems demonstrated more selective responses to economic indicators and maintained a more steady approach to lending.

Capital / Liquidity

Korea: FSS Governor Calls on Banks to Tighten Internal Controls

21/02/2025

FSS Governor Lee Bok-hyun urged executives to be more proactive in reforming organisational culture to eradicate financial accidents.

Enforcement

FSC Korea Fines Nine Securities Firms for Capital Market Act Violations

21/02/2025

Nine firms were fined a combined $240mn for misconduct involving their handling of bond-type wrap products and trusts for clients.

Japan Extends Insider Trading Regulations to Venture Funds

21/02/2025

Provisions also allow investment corporations to acquire their own units if pre-approved in their rules and with investor consent.

Capital / Liquidity

APRA to Ease Home Loan Barriers for Borrowers with Student Debt

21/02/2025

APRA proposes to remove HELP debts from DTI reporting and allow banks to exclude HELP debt repayments from serviceability assessments in some cases.