Regulator will ask six questions to assess a DLT’s regulatory compliance.
Banks will be under third-party supervision as they fix ‘systems, control and monitoring’.
Paper seeks comment on potential risks from 3 possible models for competition.
ASIC deputy chair says it is considering ‘all regulatory options’.
Centre identifies failures in risk assessments, outsourcing and governance.
Review to consider definition of capital, risk measurement, minimum capital and buffers.
Regulator cites tackling ‘ailing confidence in market based system’ as a priority.
Some requirements on capital risk calculation and reporting had been due in January next year.
Fintel Alliance studying Panama Papers, investigating money laundering ‘mules’; to develop training course.
2 senior managers dismissed and 3 disciplined for breaches.
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