Australia & NZ
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ASIC Chief Sets out Firms’ Conduct Failings
Chairman Greg Medcraft suggests firms aren’t linking conduct to other areas of risk; message might not be getting through to […]
July 27, 2017 -
Australia Incentivises Fintech with Regulatory, Funding Initiatives
Treasury confirms removal of $40mn capital requirement for firms to use ‘bank’ label; Sydney, Melbourne fintech hubs win state government support.
July 20, 2017 -
APRA Sets out Vision for ‘Unquestionably Strong’ Banking System
APRA says ‘unquestionably strong’ means a CET1 capital adequacy ratio of 10.5% ; some lenders expected to require 150bp increase.
July 19, 2017 -
AUSTRAC Warns on Fraud, Money Laundering via Stock, Derivatives Markets
Fraud, money laundering more prevalent than even insider trading or market manipulation, Centre suggests; only 40% of market participants filed suspicious matter...
July 13, 2017 -
Australian Bank Reacts to Regulatory Clampdown on Consumer Debt
Move by banking unit of country’s largest financial group to stop mortgages being used for personal use expected to be followed by...
July 7, 2017 -
ASIC – No Plans for Research Unbundling
Regulator issues consultation on conflicts of interest, non-public information in sell-side research.
July 6, 2017 -
Fintech Innovation vs. Regulation
Hong Kong needs to beware as Australia and Singapore regulators issue game-changing initiatives.
July 3, 2017 -
Australia Eyes Stronger Powers for ASIC
The Australian Treasury issued a trio of proposals to enhance the enforcement powers of ASIC.
June 29, 2017 -
Enforcement – ‘Market Manipulation’ in Australia and China
ASIC says Macquarie Securities failed to escalate suspicions; China-based HFT to pay $101mn.
June 28, 2017 -
Moody’s Downgrades Australian Banks on Debt Challenges
Twelve Australian banks have been downgraded by Moody’s Investors Service as they face “elevated risks in the household sector which […]
June 21, 2017