ANZ, NAB, Westpac and CBA have agreed to set up new dedicated hotlines and expedite the processing of bridge financing applications as businesses wait to be paid wage subsidies.
New Zealand's FMA recognises that the current situation may give rise to a broader range of individuals having access to inside information.
NZX has said it is taking steps to address technical issues it has faced amid a four-fold surge in trading volumes since early in the year.
Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.
The RBNZ intends to remove existing LVR restrictions for a period of one year, to help banks to keep lending to support customers, including with mortgage deferrals.
RSE licencees are asked to complete and submit APRA’s new Early Release Initiative data collection form on a weekly basis. The first data collection is due on 20 April.
Lenders approved to participate under the Scheme must complete the new returns on a weekly basis, with the first collection due on 1 May.
The latest section 95 report identifies that 17 wholesale credit models and the operational risk capital model approach currently in use at ANZ NZ are not approved by the RBNZ.
ASIC's product intervention order prohibiting payday lenders to charge additional fees under separate contracts through associates remains in force.
Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.
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