A long-term cultural shift for the better is underway in New Zealand financial services as the new Financial Markets Conduct Act 2013 takes effect.
The Australian Prudential Regulation Authority has released a discussion paper outlining a revised standard for securitisation.
New Zealand’s Ministry of Business, Innovation and Employment will conduct a consultation on the proposal for easier-to-follow product disclosure statements (PDS) which will be required from companies listing on the country’s exchange.
Australia’s top central banker sees the country’s financial system moving toward a more market-based sources of finance, particularly bond issuance.
The Australian Prudential Regulation Authority said it is relaxing banking rules to give mutually owned authorised deposit-taking institutions more scope to fund their growth.
The Australian Prudential Regulation Authority seeks increased independence from the government or parliament to effectively regulate the banking, superannuation and life insurance industries.
Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.
Commerce Minister Craig Foss is welcoming a new era for New Zealand’s financial markets as the Financial Markets Conduct Act comes into force today.
Australia’s head of the financial systems inquiry David Murray has warned that tough banking capital rules designed for the United States and Europe may be hurting economic growth in Australia.
The Financial Markets Authority reported that new regulations are assisting investors to make better informed decisions about unsolicited or low ball offers.