Two banks admit cartel conduct in trading MYR forex contracts out of Singapore in 2011.,
APRA says liquidity already monitored and ‘well managed’ by central bank protocols.
Closer to home, AUSTRAC releases study on AML/CTF risks in superannuation funds.
‘Regulatory returns’ are designed to help supeversion under Financial Markets Conduct Act.
Regulator has issued 51 infringement notices since 2010; case relates to only one not complied with.
Securities firm fined USD150,000 for taking orders from unauthorised family member.
Draft proposals would allow non-permissioned collection, verification of customer information.
Chairman says ‘unquestionably strong’ requirement to remain in place despite Dodd Frank uncertainty.
Standard covers risk framework and regulatory capital requirements.
High level employee alleged to have created false documents, illegally altered information.