The Basel Committee on Banking Supervision said Australia’s capital regulation framework overall was “compliant”.
The Financial Reporting Act, which changes financial reporting obligations for most companies, comes into effect on 1 April 2014.
The Australian Securities and Investments Commission has released an information sheet that will guide directors and audit committees in enhancing audit quality.
The Payments System Board of the Reserve Bank of Australia has decided in principle to vary the so-called access regimes applying to the designated MasterCard and Visa systems.
The Corporations and Markets Advisory Committee has released a discussion paper on managed investment schemes.
The Australian Securities and Investments Commission has released new guidelines on compliance requirements for businesses making securities offers via the internet.
The Cabinet has given its seal of approval to new crowd-funding rules which will come into effect next month.
The Reserve Bank of Australia signed a bilateral local currency swap agreement with the Bank of Korea, allowing for the exchange of local currencies between the banks even in times of financial stress.
The Australian Securities and Investments Commission has called for tougher penalties to combat corporate misconduct.
The Federal Reserve has adopted a new rule that will protect the US financial system from potential problems from foreign banks operating in the country.