The Financial Markets Authority has issued the first annual report under the new Financial Markets Conduct Act, highlighting progress in delivering a modern and flexible approach to regulating financial services.
The Australian Securities and Investment Commission has released two consultation papers proposing to remake eight class orders that are due to expire over the next three years.
New Zealand’s Financial Markets Authority has issued a consultation paper on whether charities issuing debt securities should be subject to standard disclosure obligations.
The Stockbrokers Association of Australia has warned that proposals to increase industry funding of the corporate regulator may impose greater costs on brokerage firms, prompting more industry rationalisation and stifling innovation.
The Australian Prudential Regulation Authority has released a consultation package proposing to either streamline or cease the Points of Presence statistics and data collection.
Australia's major banks are closing accounts of bitcoin companies, citing compliance risks resulting from tougher anti-money laundering and counter-terrorism financing rules.
The Australian government is requesting comment from the public on small amount credit contract laws to ensure that the regulatory framework strikes the right balance between consumers and lenders.
The Australian Securities and Investment Commission has concerns over its risk management and compliance systems.
Australian Securities and Investment Commission chairman Greg Medcraft says the emergence of blockchain technology has the potential to change the existing financial system.
The Australian Prudential Regulatory Authority has said banks will need to fund themselves with more expensive long-term debt over time to reduce risk to the financial system.