Australia & NZ

DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia's regulators and institutions seek even greater transparency of OTC derivatives markets.

ASIC officials will begin working at CBA starting from next week and will go in and out of other institutions, focusing on institutional behaviour and decision making.

As Australia's banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.

A 70% increase in suspicious matter reporting over the previous year was partly attributed to the strong message sent by AUSTRAC's A$700mn enforcement action against CBA.

Participants need to be clear that the LIBOR will end after 2021 and prepare to deal with the challenges this presents, Australian regulators said at the ISDA Annual Australia Conference.

The Royal Commission has reinforced that the financial industry has abandoned its core role of being custodians of other peoples’ money, said ASIC chair James Shipton.

Microsoft, JP Morgan, Disney and Facebook will join Apple in becoming Transferable Custody Receipts listed on Chi-X Australia, with more issuances to follow.

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.