New Zealand’s Financial Markets Authority has issued a consultation paper on risk indicators and descriptions of managed funds.
Australian banks are actively looking to offload their equity stakes in foreign banks in anticipation of higher mortgage risk weightings being announced later this month.
Reforms to lift ethics, education and professionalism in the scandal-ridden financial planning industry are set to be released in August.
The Australian Prudential Regulation Authority is expected to respond this month (July) to Financial System Inquiry recommendations urging it to increase bank capital.
The Australian Prudential Regulatory Authority will amend its prudential standards to support the effective implementation of government proposals to improve independence of super fund governance.
The Australian Securities & Investments Commission has told Interactive Brokers to stop offering over-the-counter currency trading in Australia as it does not have the right license to operate.
Australian Securities and Investments Commission chairman Greg Medcraft dismisses concerns that large asset managers pose a systematic risk to the financial system.
ANZ Bank and Westpac have joined Commonwealth Bank in testing new payments technology from US-based group Ripple Labs, representing a possible transformation of the payments industry.
Banks and industry super funds will face tougher penalties for luring clients into default superannuation funds with incentives.
New Zealand and Myanmar will be members of the Asian Infrastructure Investment Bank, slated to begin operations later this year.