Australia & NZ

The UK, EU and New Zealand has announced new sanctions against Iranian individuals and entities over the supply of drones to Russia.

Researchers said the TFF did not directly increase business lending, but it did reduce banks’ funding costs and led to lower interest rates throughout the economy.

The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.

Australia is vulnerable due to lack of reporting requirements for DNFBPs and poor transparency of companies, trusts, and beneficial ownership.

TMDs issued by payday lenders and consumer leasing companies lacked detail in the descriptions of their products and target markets. Review triggers were also set too broadly.

Superannuation trustees are not responding to complaints in a timely manner and are failing to notify consumers of their right to approach AFCA.

APRA proposes to bring forward the publication frequency of four metrics to be on a quarterly basis for inclusion in the initial publication.

ASIC says Star board members and key executives breached their duties by failing to address known money laundering risks.

Australia is consulting on the design and implementation of its proposed standards for the mandatory disclosure of climate‑related financial risks and opportunities.

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.