Australia & NZ
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237ASIC Raises Bar for Complaints Handling at Financial Firms
Editors, Regulation Asia May 16, 2019The proposals raise internal dispute resolution standards at financial firms, and introduce mandatory data reporting to help make complaints handling performance more transparent.
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301New Zealand FMA Issues AML/CFT Warnings to 10 Reporting Entities
Editors, Regulation Asia May 14, 2019The warnings relate to failures by the firms to comply with requirements to have their risk assessments and AML/CFT programmes audited every two years.
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287
FMA, NZX Seek Public Views on Capital Markets Development Plan
Editors, Regulation Asia May 10, 2019New Zealand's Financial Markets Authority and the NZX are seeking public input on a 10 year plan to develop the nation’s capital markets.
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463Australia Seeks Mandatory Carbon Risk Reporting by 2021
Editors, Regulation Asia May 10, 2019A green political party in Australia has announced a new policy that will make carbon risk reporting mandatory for banks, insurers, super funds and the largest listed companies in 2021.
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563Australian Regulators Urge Action on LIBOR Transition
Editors, Regulation Asia May 10, 2019Firms should be aware of the size and nature of their LIBOR exposures, put in place robust fall-back provisions in LIBOR contracts, and be taking action to transition to alternative rates.
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414Climate Change a Major Financial Risk, say APRA, ASIC
Editors, Regulation Asia May 9, 2019"Ultimately there will only be one form of finance, and that will be green finance," said APRA head of insurance Geoff Summerhayes at the ACSI annual conference.
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296ASX Opens Testing Environment for CHESS Replacement
Editors, Regulation Asia May 8, 2019ASX has made available the first of seven ‘drops’ of software code, with additional functionality set to be released at eight-week intervals.
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983Australia: Banking Misconduct Drives Search for RegTech Remedies
Jeffrey Kupfer, Starling Trust and Stephen Scott, Starling Trust May 8, 2019Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.
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1.1KTechnology Driven Changes Afoot in the Australian Banking Sector
Garima Chitkara, Regulation Asia May 7, 2019Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.
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441Australia Cracks Down on Cryptocurrency Tax Evasion
Editors, Regulation Asia May 3, 2019The Australian Taxation Office is collecting data from cryptocurrency exchanges to feed into its data-matching technology to identify tax evaders.
