Australia’s government will conduct the first full-scale audit of the Australian Securities and Investments Commission (ASIC) in 17 years, laying the groundwork for a major overhaul in how the corporate watchdog is funded and operated.
The Reserve Bank of New Zealand is proposing changes to its regulatory requirements in a bid to improve the efficiency of bank supervision and reduce banks’ costs.
The Australian Prudential Regulation Authority has increased the average risk weights for Australian residential mortgage exposures from 16 percent to 25 percent.
Major Australian banks have been preparing for higher capital requirements, with National Australia Bank (NAB) now possessing the sector’s highest capital ratio.
Australia has signed a memorandum of understanding with Bangladesh establishing a framework for the exchange of financial intelligence related to money laundering and terrorism financing and other serious offences.
The Australian Prudential Regulation Authority is focusing on the major banks in its response to the Murray inquiry's call for ‘unquestionably strong’ capital, appearing to let regional banks off the hook.
The Australian Securities and Investment Commission has released the evidence metrics it will use to report against the Federal Government’s Regulator Performance Framework, which aims to reduce the regulatory burden while achieving the same regulatory outcomes.
The Australian Prudential Regulation Authority expects major banks will need to increase capital ratios by at least 2 percent to achieve the capital standards recommended by the Financial System Inquiry (FSI).
The Australian Investments & Securities Commission is pushing to reform laws to allow super funds to pledge their assets as collateral, in a bid to help them reduce dealing costs associated with currency hedging.
The Australian Securities and Investments Commission says banks have been slow in providing information on possible manipulation of Australia's interest-rate benchmark.