Australia & NZ

A bespoke framework for ICOs can provide regulatory clarity and encourage economic activity, but the costs and benefits must be weighed, says a paper from Australia's Treasury.

Sophie Grace director Sophie Gerber lays out the obligations reporting entities must adhere to for compliance with AML/CTF rules in Australia.

The Final Report on Australia's Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.

APRA has maintained the countercyclical capital buffer rate at zero percent, focusing instead on targeted measures to improve eroded bank lending standards.

The move is expected to increase participation from swap dealers and offshore entities in Australia's most actively traded listed short term interest rate derivative.

In response to stakeholder feedback on doubling bank capital requirements, the RBNZ has extended the consultation deadline and released research originally intended for internal use.

An industry working group established by the NZX and FMA and supported by EY will provide recommendations to increase the depth and attractiveness of New Zealand’s capital markets.

Volt bank Limited has become the first 'neobank' to receive a full banking licence after having operated under APRA's 'restricted ADI' licence since last May.

The Australian Payments Council is inviting comments to review it 2015 Australian Payments Plan aimed at supporting digital payments.

ASIC was reportedly found to have accepted expensive gifts and hospitality from financial firms including Macquarie Bank even as it was under multiple investigations by the corporate regulator.