Enforcement

FCA Issues First Fine for Reporting Failures Under UK MiFIR

03/02/2025

Infinox was found to have relied on a single individual to manually identify reportable financial instruments without adequate checks or scrutiny.

Australia to Introduce Mandatory Service Standards for Super Funds

02/02/2025

The standards will focus on improving how death benefit payouts are handled, how insurance claims are processed and how super funds communicate with members​

AML / KYC

UK Sentence Operators of Website that Enabled Account Takeover Fraud

02/02/2025

The operators provided tools including a “spoof call bot”, a ‘free text to speech’ service, and pre-scripted calls specifically designed to target customers.

Securities / Derivatives

UK FCA Proposes to Ease Rules on Corporate Bond Issuance

01/02/2025

FCA to simplify disclosure requirements for bonds with smaller denominations and introduce regulations for public offer platforms.

APRA Publishes New Data on Super Fund Expenditures

31/01/2025

The data shows that Hostplus spending on sponsorships in the 2024 financial year made up 43% of what all super funds spent collectively.

AML / KYC

ASIC Calls Out Super Funds for Weak Anti-Scam Practices

31/01/2025

None of the 15 superannuation trustees that were reviewed by ASIC had an organisation-wide scams strategy in place

Big Picture

Wholesale CBDCs More Likely to Gain Traction Than Retail CBDCs – Report

31/01/2025

Wholesale CBDCs are more likely to launch ahead of retail CBDCs on account of clearer efficiency gains and lower barriers to adoption.

ESG / Sustainability

IAIS Sets Out Work Priorities in New 2025-2026 Roadmap

30/01/2025

Following the adoption of the Insurance Capital Standard at the end of 2024, the IAIS will shift focus to implementation and addressing risks in the industry.

Crypto / Digital Assets

Fed Chair Says Banks Can Provide Services for Crypto

30/01/2025

Jerome Powell said banks are free to provide services to cryptocurrency clients as long as it’s done in a safe and sound manner