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.
The Reserve Bank of New Zealand sees a need to strengthen coordination between monetary and macro-prudential policies.
Australian Securities and Investments Commission released a report outlining the penalties for a range of “corporate wrongdoing."
The Australian Securities and Investments Commission is preparing to launch an investigation into the potential manipulation of foreign exchange benchmarks by the country’s biggest banks.