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Markets & Infrastructure
Credit Risk
AFCA Alarmed by Rising Complaints Regarding Hardship Assistance
By Sanday Chongo Kabange | 04/04/2024
In 2023, AFCA recorded a 25% increase in complaints involving financial difficulty, which includes disputes over hardship assistance.
Cryptocurrency
Indonesia’s Crypto Approval Process Will Require Sandbox Testing
By Editors | 04/04/2024
The requirement for crypto firms to be evaluated in a regulatory sandbox prior to authorisation is intended to ensure consumers are protected.
Structural Regulation
Vietnam Working to Boost Foreign Participation in Stock Market
By Editors | 04/04/2024
The SCC is looking to eliminate the pre-trade 100% margin requirement for foreign investors, expand foreign ownership limits, and mandate English disclosures.
Conduct, Culture & Accountability
BSP Proposes New Consumer Protection Supervisory Framework
By Editors | 03/04/2024
The framework sets out how the BSP will assess the risks an FI poses to consumers so that supervision can be more risk-based and calibrated.
Fraud, Scams & Cybercrime
Korea Probe Targets KRX, Brokers Over Suspected IPO Fraud
By Editors | 03/04/2024
The FSS conducted a search and seizure operation at NH Investment & Securities, Korea Investment & Securities and KRX last month.
PEPs & Sanctions
US Lawmakers Propose Four New Anti-China Bills
By Editors | 03/04/2024
One bill would prevent index funds from investing in Chinese companies. Another would require listed companies to disclose their “China risks”.
Conduct, Culture & Accountability
Singapore to Implement Vulnerable Customer Safeguards in H2 2025
By Nithya Subramanian | 03/04/2024
Lawrence Wong said MAS aims to issue revised standards by Q4 2024, for implementation by the industry no later than H2 2025.
Data Privacy
ACCC Fines HSBC for Disclosing Inaccurate CDR Data
By Sanday Chongo Kabange | 03/04/2024
HSBC failed to disclose complete mortgage interest rate details and accurate credit card balances in response to separate requests for this data made via the CDR.
Conduct, Culture & Accountability
Korean Banks Start Compensating Investors for HSCEI-Linked Losses
By Editors | 03/04/2024
KB Kookmin, Shinhan, Woori, Hana, NH NongHyup, StanChart, and Citibank all agreed to follow compensation guidelines issued by the FSS last month.
Structural Regulation
FSC Korea Unveils Incentives for ‘Corporate Value-up Programme’
By Editors | 03/04/2024
Companies that improve their corporate governance structures may receive exemptions from Korea’s stringent auditor designation requirements.
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