Australia

Operational Risk

APRA Launches Formal Investigation Into Diversa Trustees

By Editors | 26/06/2026

The regulator is examining whether the superannuation trustee's executive pay decisions complied with prudential standards and trustees' duties.

Payments & Settlements

RBA Launches Major Review of Payments Regulation

By Sanday Chongo Kabange | 26/06/2026

The RBA is seeking industry feedback on a wide range of payment systems issues, including least-cost routing, BNPL, and the role of large digital wallets.

Market Data & Technology

RBA Paper Proposes Design Changes to Bolster SOFIA Benchmark

By Sanday Chongo Kabange | 25/06/2026

Research from Australia's central bank recommends mandatory exclusion of related-party trades and wider trimming to improve the new reference rate.

Cybersecurity

APRA Warns of 'Paradigm Shift' from Frontier AI, Quantum Threats

By Sanday Chongo Kabange | 25/06/2026

APRA official urges firms to urgently upgrade cyber practices, warning that new AI models present a 'paradigm shift' in risk and accelerate the threat of quantum computing.

Cybersecurity

Five Eyes Alliance Warns of Imminent AI Cyber Threat

By Sanday Chongo Kabange | 25/06/2026

The cybersecurity agencies of the 'Five Eyes' intelligence alliance say frontier AI will transform cyber risk in "months, not years", urging leaders to act.

Emerging Prudential Risks

Australian Regulators Flag Elevated Geopolitical and AI Cyber Risks

By Sanday Chongo Kabange | 25/06/2026

The Council of Financial Regulators has called for a 'step-change' in managing cyber and AI risks amid heightened geopolitical tensions.

Cryptocurrency

ASIC to Extend Crypto Licensing Deadline to September, Widen Scope

By Bradley Maclean | 24/06/2026

ASIC will extend the crypto licensing deadline to September, giving the industry more time before a compliance crackdown.

Conduct, Culture & Accountability

KPMG Australia Admits Client Data Leak Amid Calls for Tighter Regulation

By Sanday Chongo Kabange | 23/06/2026

The firm has admitted to leaking confidential client data as ASIC calls the scandal an "egregious breach of trust".

Custody & Infrastructure

ASIC Grants Financial Services Licence to OSL Group

By Editors | 22/06/2026

The Hong Kong-listed digital asset firm has been granted an AFSL by ASIC, authorising it to provide services to wholesale clients.