New Zealand's Treasury has appointed BNZ and Deutsche Bank (Sydney) as joint structuring advisors to help establish the sovereign green bond programme.
A key element underpinning the new FPA Code is that members' actions should promote a culture that "supports and requires integrity in others”.
APRA will reduce the level of self-securitised assets banks must hold as contingent liquidity, provided they can increase these levels quickly if stress conditions emerge.
The review will consider the RBA's current board structure, governance, and decision-making effectiveness and transparency.
The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC's satisfaction.
If the legislation passes, the FAR will apply to banks six months after commencement, and to insurance and superannuation 18 months after commencement.
Some in the industry have expressed concerns that the CSLR does not go far enough, as its scope does not cover managed investment schemes.
The new unit will target assets and provide investigative tracing capabilities for all of the AFP's commands across all of its businesses.
A complaint from environmental lawyers calls on the ACCC and ASIC to investigate statements made by Glencore about its plans to reach net zero by 2050.
APRA will modernise its guidance for banks, insurers and superannuation funds to make it easier to understand and comply with.
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