Asia Pacific Financial Services Regulatory Updates, Quarter Four 2025

The Deloitte Asia Pacific Centre for Regulatory Strategy is pleased to share with you the key regulatory updates from our region for Q4 2025.

This quarter saw a significant uptick in the volume of regulatory guidance released across the Asia Pacific region. Topics of significant focus for regulators included governance, data & technology, and financial risk.

Governance-related regulations were the most prevalent this quarter as regulators looked to enhance financial institutions’ resilience to increasingly unstable global financial markets. In India, regulators introduced a series of requirements designed to strengthen oversight and transparency through updated disclosure and documentation requirements. Indonesia also mandated financial institutions to revisit and update their governance and risk management frameworks in line with their current risk profile.

Data and technology remained a key focus for Asia Pacific regulators this quarter. Australia clarified its approach to digital asset regulation while easing innovation requirements for intermediaries. Indonesia strengthened its digital asset rules and expanded requirements for trading platforms. Malaysia proposed a comprehensive framework for tokenised assets, and Hong Kong SAR advanced its ‘e-HKD’ CBDC pilot, prioritising wholesale use cases. Across the region, regulators are balancing digital innovation with consumer protection and risk management.

Regulators in Asia Pacific intensified their focus on financial risk this quarter, emphasising stronger internal controls. New Zealand launched a consultation on updated standards for deposit takers, including liquidity, lending, and a new Depositor Compensation Scheme. Malaysia proposed draft guidelines for a standardised approach to measuring counterparty credit risk, aligning with Basel III. Meanwhile, Australia highlighted vulnerabilities from geopolitical risks and high household debt. Overall, supervisory attention has increased, reinforcing the need for robust risk management as market and credit conditions evolve.

For queries or more information on these updates or other regulatory topics, please get in touch.