Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.
Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.
Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.
SBI and Rakuten expect artificial intelligence software to be operational for detecting market manipulation within this year.
Central bank governor made comments during the opening ceremony of the Asian Financial Cooperation Association.
ASFA has come out strongly against the Treasury consultation proposing greater involvement of the ASIC in monitoring and enforcing financial industry codes.
Treasury confirms removal of $40mn capital requirement for firms to use ‘bank’ label; Sydney, Melbourne fintech hubs win state government support.
Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.