Australia & NZ

ASIC is investigating whether ASX breached the law in its oversight of and disclosures relating to the CHESS replacement programme.

Vanguard took 55 business days to file a notice on New Zealand's register about ASIC's enforcement action. The requirement is 5 business days.

APRA has cemented the importance of ESG in its guidance for superannuation funds on investment governance but needs to be clearer on terminology.

The guidance proposes that regulated entities develop their capabilities in climate-related scenario analysis and stress testing, outlining the RBNZ's latest thinking on best practice.

APRA chairman John Lonsdale shared findings from its latest banking stress test and reviews on cyber preparedness and resilience.

The cooperation arrangements focus on bank resolution planning and its implementation for banks with cross-border operations.

NGS Super, Crown Resorts and Latitude Financial Services have all disclosed this week that they were subject to cyber attacks.

Bank capital ratios are resilient when each flood event is considered in isolation, but flood risk could potentially compound with other risks.

Guidance is provided on screening and re-screening employees and contractors for money laundering and terrorism financing risks.

ASIC will gain rule-making and enforcement powers and the ACCC arbitration powers, enabling them to enhance competition in the provision of clearing and settlement services.