Thisanka Siripala
Thisanka Siripala is an experienced journalist and a reporter for Regulation Asia based in Japan.
Articles by Thisanka Siripala
Enforcement
ASIC Report Highlights Hardship Misconduct as Key Focus
12/09/2024
ASIC said it is actively conducting investigations into suspected breaches by lenders of their financial hardship obligations.
Market Infrastructure
Australia and Japan Pledge Deeper Cybersecurity, Defence Ties
11/09/2024
Australia and Japan have strengthened their cybersecurity ties with the launch of the Pacific Digital Development Initiative.
AML / KYC
Stronger AML Controls Needed to Combat Organised Crime: AIC
10/09/2024
The Australian Institute of Criminology found that money laundering activity by organised crime groups leads to increases in crime-related harm.
Securities / Derivatives
South Korea Faces Calls to Address Rapid Rise in ‘Zombie’ ETFs
10/09/2024
Experts are urging regulators to intervene and protect investors from underperforming ‘zombie’ ETFs, which can trap investor funds and offer limited returns.
ASIC Updates Misconduct Reporting Guidance for Administrators
10/09/2024
The guidance encourages administrators to use their professional judgment to make case-by-case assessments before reporting misconduct.
Capital / Liquidity
APRA Proposes to Move Away from AT1 Capital Instruments
10/09/2024
APRA is proposing to phase out AT1 capital instruments in favour of more reliable forms of capital, such as Tier 2 and CET1 capital.
Enforcement
APRA Seeks Court Order to Disqualify First Super Co-chair
10/09/2024
APRA alleges Micheal O’Connor failed to meet the required standards of care and diligence required of a prudent superannuation entity director.
Crypto / Digital Assets
Japan’s Megabanks to Pilot Blockchain Cross-Border Payments System
10/09/2024
The Japanese megabanks will start piloting stablecoins to simplify the cross-border payments process. The new system is expected to go live in 2025.
Market Infrastructure
Japan Proposes to Allow Foreign Institutions to Handle Domestic Securities
08/09/2024
Under the proposed revision, international platforms can be used for trading and settling domestic securities, provided they meet specific criteria and are approved by regulators.
Securities / Derivatives
Korean and Japanese Regulators Agree to Strengthen Cooperation
08/09/2024
The FSC’s Kim Byung-hwan and FSA’s Hideki Ito committed to advancing bilateral cooperation in order to better respond to financial market volatility.
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