The South Korea Financial Services Commission outlined FSB discussions on audit quality, private credit vulnerabilities and governance for financial authorities’ use of AI. Future work will address supervisory modernization, AI and cyber risks, and cross-border stablecoin cooperation. The commission also discussed financing and investor links for Korean startups and financial institutions expanding in the U.S.

The South Korea Financial Services Commission confirmed cyber breaches at 16 financial firms and about 100,000 exposed personal-information records, while finding deficiencies at 130 of 555 firms reviewed. It plans a systemwide security review, expanded threat sharing, AI-based monitoring and testing, more frequent vulnerability assessments and stronger support for smaller firms. Chief executive accountability and sanctions will also be strengthened to improve implementation.

Securities Commission Malaysia showcased capital market funding options for Sabah’s MSMEs and mid-tier companies as part of its nationwide financing roadshow. It also plans a new co-investment fund with the Ministry of Economy in 2027 for high-growth, high-value sectors, building on existing schemes that crowd in private capital. Selangor will host the next roadshow by the end of 2026.

The Financial Stability Board has proposed eight principles for modernising regulatory and supervisory frameworks while preserving or enhancing financial system resilience. They address ongoing review, proportionality, material risks, effective supervision and regulation, domestic coherence, impact analysis and streamlined reporting. The FSB plans to finalise the framework following consultation.

The Financial Stability Board found that national circumstances remain the main cause of uneven reform implementation, but its own policy development practices have also created obstacles. It recommends tighter prioritization, greater initial use of high-level principles, earlier stakeholder engagement, clearer policy documents and a written development framework. A final review of implementation monitoring is expected in the first half of 2027.

Ceres finds that more than 800 institutional investors are acting on biodiversity risks, but policy, data and incentive gaps are limiting progress. It calls for coherent regulation, comparable disclosures, reliable national biodiversity plans and public financial support to help investors scale private capital.

In a keynote address, Australian Securities and Investments Commission Chair Sarah Court outlined expanded surveillance and enforcement across financial reporting and audit. ASIC will scrutinize managed investment scheme valuations and publish high level findings from its Big Four complaints surveillance before the end of 2026. Court also reiterated support for audit firm licensing and stronger enforcement powers.

The Hong Kong Insurance Authority welcomed the city’s first sidecar issuance, a USD 12 million insurance-linked security protecting offshore wind farm properties in Mainland China. The authority plans to facilitate protected cell company structures and review which investors are eligible to participate in the market.

The Australian Securities and Investments Commission found persistent weaknesses in how some super funds and auditors assess unlisted investment valuations. Trustees relied too heavily on external managers, while some auditors did not adequately test prices or obtain sufficient evidence. ASIC will extend its 2026–27 surveillance to managed investment schemes and consider regulatory or enforcement action for significant breaches.

ASIC has secured an AUD 1.35 million penalty against Fortnum Private Wealth for inadequate cybersecurity controls across a network serving about 55,000 retail clients. Fortnum admitted deficiencies in its policies, oversight, specialist resources and risk management systems, and must also pay AUD 250,000 toward ASIC’s costs. The case is ASIC’s third enforcement outcome against a licensee over cybersecurity failures.

The Argentina Securities Commission updated the framework for virtual asset service providers based on experience since its implementation. The changes clarify registration amendments and cancellations, corporate and net worth requirements, and periodic reporting, with new instructions to standardize submissions.

Payments Canada confirmed that the Real-Time Rail is undergoing comprehensive testing and remains on track for a phased launch in the fourth quarter of 2026. The ISO 20022 system will provide instant account-to-account payments around the clock, supported from launch by centralized confirmation of payee, transaction risk scoring, fraud risk lists and systemwide intelligence capabilities.