SWIFT and NPP Australia have launched a new secure testing environment allowing fintechs to test the capabilities of Australia's new payments system via APIs.
The information paper is aimed at assisting financial institutions to prepare for BEAR implementation, and helping the largest of them refine and embed the regime.
The Australian Banking Association will change its voluntary code of practice for bankers to end 'fees for no service', grandfathered payments and trail commissions.
The branch manager knowingly provided false or misleading information and documentation in loan applications and falsely attributed them to a relative for introducer commissions.
Institutions, regulators and policymakers across Asia Pacific should take heed of the lessons of Australia's Royal Commission if they are to avoid similar problems, says Matthew Chan.
Deutsche-issued TraCRs represent a new mechanism for Australian investors to gain exposure to overseas listed companies, starting with Apple Inc.
The US and Luxembourg join a string of international jurisdictions that have agreed to cooperate with ASIC in the development of their fintech and regtech sectors.
The NZX board is making a conscious effort to move away from a domestic focused strategy and to develop global links, said its chairman James Miller in a letter to shareholders.
The inquiry will examine why major companies in Australia, including the big four banks, seem to be able to consistently charge high prices, said ACCC chair Rod Sims.
The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.