ASIC Proposes Further Tweaks to Reportable Situations Regime

20/02/2025

The proposed relief is based on the reasoning that some reported breaches offer limited intelligence value while imposing compliance costs on licensees.

ESG / Sustainability

Bank of Korea Calls for Green Finance Policy Reforms

20/02/2025

BOK report says a Korean version of transition finance should be introduced to complement green finance.

Securities / Derivatives

KRX Expands Initiative for Providing “Value Up” Consulting to Firms

20/02/2025

KRX started providing consulting to listed companies last year to help them establish and disclose their value-up plans.

Enforcement

Mizuho Bank Discloses Safe Deposit Box Theft from 2019

19/02/2025

Mizuho Bank said it tightened its system of storing spare keys after an employee stole from customer safe deposit boxes in 2019.

Market Infrastructure

Korea Approves New Rules to Prevent Illegal Short-selling

19/02/2025

The new rules will take effect on 31 March, alongside the lifting of a ban on short selling that was imposed in November 2023.

Australia Legislates to Prevent a Repeat of Robodebt Scandal

19/02/2025

Law passed to impose stricter accountability measures on government agencies and require public officials to cooperate in Ombudsman investigations.

Australia: Senate Inquiry Issues Recommendations on Super Industry Governance

19/02/2025

Senate Economics Committee report recommends several measures including empowering APRA to remove trustees with material conflicts of interest.

Fintech / Regtech

Korea Suspends DeepSeek AI Over Data Privacy Concerns

19/02/2025

DeepSeek has appointed legal representatives to address these regulatory concerns regarding the way it handles personal data.

AML / KYC

Sri Lanka Appoints Task Force to Oversee AML/CFT Efforts

19/02/2025

The primary objective of the task force is to ensure compliance with the FATF’s 40 recommendations and demonstrate effective implementation across 11 key areas.