Cybersecurity

JVCEA Makes Multi-factor Authentication Mandatory for Members

17/06/2025

The measure comes after a spate of unauthorised transactions in securities accounts this year, highlighting a need to strengthen login security.

Data Privacy

Japan FSA Orders Sompo Insurance to Explain Data Breach

17/06/2025

The data breach potentially affected 17.48 million pieces of customer data, including names and insurance policy numbers.

Anti-Money Laundering

JBA Implements Ban on Cash Storage in Safe Deposit Boxes

17/06/2025

Revised JBA guidance will prohibit the storage of cash in safe deposit boxes, in line with the FSA’s revised supervisory guidelines.

Trading & Investment

JSDA Issues Operational Guidelines for Stock Holding Schemes

17/06/2025

The guidelines set rules for how securities firms manage employee, officer and partner shareholding plans.

Fraud, Scams & Cybercrime

Korea’s FSS Partners with Kakao to Curb Illegal Private Lending

16/06/2025

Kakao will detect and block KakaoTalk accounts being used to conduct illegal private lending and debt collection activities.

Credit Risk

Korean Regulators to Tighten Oversight of Mortgage Lending

16/06/2025

Financial regulators pledge stricter monitoring of real estate-linked loans and bank compliance with loan growth targets.

AI Risk & Governance

BIS Survey Finds Supervisory Use of GenAI Still at Early Stage

16/06/2025

Outdated IT systems, data security concerns, and limited technical expertise are slowing adoption of GenAI at supervisory bodies.

Capital Adequacy

FSC Korea Eases Capital Adequacy Threshold for Insurers

16/06/2025

The changes include a reduction in the capital adequacy ratio recommended under the K-ICD framework from 150 to 130 percent.

Structural Regulation

UK Regulators Told to Learn from Singapore’s Pro-Business Model

16/06/2025

A House of Lords committee said Singapore’s faster approvals and pro-business culture should guide UK reforms to enhance competitiveness and growth.