Report outlines enforcement actions on market manipulation against Milford Asset Management trader, investigation into trading at Goldman Sachs, other cases of misconduct.
Higher risk weightings for higher-risk residential mortgages will improve the alignment of capital to risk and better reflect their sensitivity to economic cycles, says Moody's.
Guidance on sell-side research could disappoint investment bankers who expected a strong year for new listings.
Credit ratings agencies found lacking on compliance testing and board reporting.
New body merges three existing complaints authorities; will streamline complaints process and quicken dispute resolution for customers.
APRA does not expect new rules to extend banks’ capital requirements beyond ‘unquestionably strong’ level set out last July.
New Payments Platform enables instant transfers between accounts at different financial institutions, at “any time of day, any day of the year.”
The government has unveiled its final report on its review on open banking, detailing 50 recommendations on implementing the new data-sharing regime.
Possible solutions include enhancing AML/CFT controls at banks, promoting best practices at money transfer operators, improving information sharing by supervisory authorities.
Consultations relate to implementation of multilateral which will modify existing bilateral tax treaties, closing loopholes used by multinationals to avoid taxation.