Capital / Liquidity

APRA Refocuses Policy Priorities on Financial Stability of Banks

10/08/2023

For the rest of 2023, APRA is prioritising “immediate actions to strengthen standards for bank financial stability issues”.

Enforcement

Korean Regulators Discover Insider Trades at Securities Firm

10/08/2023

Employees at the securities unit of an unnamed bank used nonpublic information about bonus issues by listed companies to generate billions of won in profits.

Enforcement

ASIC Sues Ex-Director of Dixon Advisory for Alleged Breach of Duty

05/08/2023

ASIC alleges that Paul Ryan breached his director obligations by not considering the interests of Dixon Advisory’s creditors when the firm was approaching insolvency.

Enforcement

ASIC Sues eToro Over Retail Sales of High Risk CFD Products

03/08/2023

ASIC says eToro’s target market was too broad for “such a high-risk and volatile trading product where most clients lose money”.

AML / KYC

ACCC Permits Banks to Collaborate on Anti-Scam Standards

03/08/2023

The ABA and its member banks are permitted to collaborate on the development of cross-industry standards to combat scams.

AFCA Consults on Approach to Responsible Lending Complaints

03/08/2023

Two separate consultations are being released, one on general responsible lending practices and the other on appropriate lending to small businesses.

Enforcement

ASIC Warns of More Enforcements in the ‘Coming Months’

03/08/2023

ASIC said it has embedded new data and analytics capabilities into its insider trading surveillance processes.

APRA Finalises New Requirements on Remuneration Disclosures

02/08/2023

New requirements to disclose information on remuneration frameworks, design, governance and outcomes will take effect from 1 January 2024.

Enforcement

FSS Korea Directs to Foreign Firms to Improve Trading Controls

02/08/2023

The firms erroneously recorded margin trading transactions. One firm also did not properly document reasons for client-directed order amendments.