Markets & Infrastructure

Alternative Markets

Japan’s FSA Finalises Recommendations for VC Industry

By Thisanka Siripala | 14/11/2024

The recommendations focus on elevating VC governance standards to attract more capital into startups from institutional investors.

Conduct, Culture & Accountability

NatWest Blocks Messaging Apps on UK Work Devices

By Nithya Subramanian | 14/11/2024

NatWest Group has restricted access to ensure staff only use “approved channels” for business communications.

Credit Risk

PBOC Grants Credit Scoring Licence to Ant-Backed Firm

By Editors | 14/11/2024

This is the third personal credit reporting licence after one was granted to Baihang Credit in 2018 and Pudao Credit Rating in 2020.

Credit Risk

New Zealand Court Fines Lender for Credit Law Breaches

By Sanday Chongo Kabange | 14/11/2024

Some of Eagle MAN’s loans charged an interest rate of 182.5 percent per annum, on top of credit and default fees.

Structural Regulation

China Announces New Tax Policies to Support Property Market

By Editors | 14/11/2024

Individuals purchasing residential property under 140 square meters or will pay deed tax at a rate of 1 percent.

Conduct, Culture & Accountability

ASIC Sues Cbus Trustee Over Systemic Claims Handling Failures

By Sanday Chongo Kabange | 14/11/2024

ASIC said more than 10,000 members and claimants of Cbus were impacted by slow processing of death benefits and TPD insurance claims.

Conduct, Culture & Accountability

Korea FSS Fines Shinhan Bank over Prohibited Business Conduct  

By Sanday Chongo Kabange | 13/11/2024

The FSS fined Shinhan Bank KRW 280 million and directed the bank to improve its internal controls for handling vulnerable customers.

Data Privacy

Australia Enhances CDR Regime to Boost Ease of Use

By Sanday Chongo Kabange | 13/11/2024

The changes simplify the consent process and the requirements that apply when accredited banks seek data from a consumer.

Trading & Investment

Malaysia Enhances Investor Access to Market Information

By Nithya Subramanian | 13/11/2024

A new online platform was launched to help local and international investors access key market information and government agencies.