LATEST NEWS

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    Australia to Expand AFCA Remit to Superannuation

    By Sanday Chongo Kabange | 25/05/2023

    Proposed changes will allow AFCA to hear complaints relating to superannuation whether or not they meet the definition of superannuation complaint in the Corporations Act.

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    First Citizens Sues HSBC for Hiring Ex-SVB Employees

    By Sanday Chongo Kabange | 25/05/2023

    First Citizens says a former SVB executive moved to HSBC and executed a scheme to “plunder” trade secrets.

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    Enforcement

    NYDFS Fines Lender $4.25m for Breaching Cybersecurity Rules

    By Mark Johnston | 25/05/2023

    OneMain Financial Group failed to properly manage access privileges and conduct due diligence on third-party vendors, NYDFS said.

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    ESG / Sustainability

    PITCH! REGTECH: ESG Data Needs to Be More Accurate 

    By Ranamita Chakraborty | 25/05/2023

    Panellists at Regulation Asia’s PITCH! REGTECH conference said RegTech needs to be “creative” to help FIs manage ESG data.

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    Fintech / Regtech

    PITCH! REGTECH: Drawing the Line Between RegTech and Frustrated Customers 

    By Karen Ng | 25/05/2023

    As they embark on the RegTech race, banks cannot ignore frustrated customers.

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    Crypto / Digital Assets

    TP ICAP Launches New Digital Assets Trading Platform

    By Mark Johnston | 25/05/2023

    The platform can be used for order matching and trade execution, with segregated custody and settlement done separately.

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    ESG / Sustainability

    Singapore Launches Sustainable Finance Training for Asset Managers

    By Ranamita Chakraborty | 25/05/2023

    IMAS is introducing sustainable finance training courses to enhance capacity building within the asset management industry.

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    Enforcement

    HK SFC Disqualifies Former Luxey International Directors

    By Ranamita Chakraborty | 25/05/2023

    A Hong Kong court found two former Luxey International directors responsible for fraudulently inflating the price of a corporate acquisition and pocketing the gains.

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    Fintech / Regtech

    PITCH! REGTECH: Rising Digital Crimes Give Urgency to Fraud Detection 

    By Karen Ng | 25/05/2023

    The prevalence of digital crimes has given urgency to the need by banks to develop cutting-edge fraud detection systems, says DBS Bank’s head of legal & compliance Lam Chee Kin.

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    Market Infrastructure

    Five Eyes Agencies Warn of State Sponsored Cyber Attacks

    By Editors | 25/05/2023

    Chinese foreign ministry spokeswoman Mao Ning said the joint advisory is a “collective disinformation campaign” from the “empire of hacking”.

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