Fintech / Regtech

DBS AI Programme Featured in Harvard Business School Study

25/09/2024

This is the first time an Asian bank or a Singaporean company has been featured by HBS for use in educational programmes.

Fintech / Regtech

NZ Banking Ombudsman Reports Spike in Scam Complaints

24/09/2024

The Ombudsman has called for mandatory codes of practice, a national anti-scam centre, and stronger compensation measures to protect consumers from evolving fraud tactics.

Market Infrastructure

ASIC Reviewing Approach to Regulating Market Infrastructure

24/09/2024

ASIC will work with the RBA and industry to develop guidance on the use of its new powers to regulate financial market infrastructure.

ESG / Sustainability

New Zealand FMA Calls for Better Ethical Investment Disclosures

23/09/2024

The FMA will take regulatory action if fund managers make misleading claims about the ethical or environmental impacts of investment products.

ESG / Sustainability

Japan to Loosen Rules on Bank Investment in Green Projects

23/09/2024

Proposed draft legislation will ease restrictions on bank investments in Green Transformation (GX) related companies.

ESG / Sustainability

ASIC Urges Businesses to Prepare for Climate Disclosure Regime

23/09/2024

ASIC will take a “proportional and pragmatic approach to supervision and enforcement” as the industry adjusts to the new requirements.

Market Infrastructure

ASIC Issues Guidance on Identifying Critical Business Services

21/09/2024

ASIC found deficiencies in how market participants are identifying critical business services and notifying the regulator of potentially disruptive events.

ASIC Issues Revised Guidelines for Foreign Firms in Australia

20/09/2024

The revised regulatory guide explains when a foreign entity must obtain an AFS licence, and what the licence obligations entail.

Fintech / Regtech

Hong Kong to Announce AI Policy by End-October – Report

20/09/2024

The policy statement, expected to be released during Hong Kong FinTech Week, is intended to clarify the government’s supportive stance on AI technology.