Australia

Structural Regulation

Getting Your Ducks in a Row for APAC Rules Rewrites

By Priya Kundamal | 19/08/2024

DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

Credit Risk

Australia Launches Inquiry to Improve Access to Home Loans

By Ranamita Chakraborty | 16/08/2024

Senator Andrew Bragg said the inquiry will examine bank lending practices and barriers that hinder access to finance for first home buyers.

Cybersecurity

APRA Issues Guidance to Address Cyber Control Weaknesses

By Sanday Chongo Kabange | 16/08/2024

APRA has identified issues relating to security in configuration management, privileged access management, and security testing.

Fraud, Scams & Cybercrime

AFCA Calls on Super Funds to Adopt Anti-Scam Measures

By Editors | 15/08/2024

AFCA’s Heather Gray said more sophisticated scam activity is occurring in superannuation, in line with trends in the banking sector.

AI Risk & Governance

ANZ Partners With Microsoft to Launch “AI Immersion Centre”

By Editors | 15/08/2024

ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.

Conduct, Culture & Accountability

APRA Orders Independent Review of Cbus, BUSSQ Governance

By Sanday Chongo Kabange | 14/08/2024

APRA imposed additional licence conditions to address concerns regarding fitness and propriety processes and fund expenditure management.

Conduct, Culture & Accountability

ASIC Commences Legal Action Against ASX Over Misleading Statements

By Sanday Chongo Kabange | 14/08/2024

ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.

Tokenisation

The Path Forward: Making Tokenisation a Reality in Singapore

By Justin Christopher | 13/08/2024

Justin Christopher discusses the importance of robust collaboration between businesses and regulators, and aspects of DLT that are often overlooked.

Data Privacy

Australia Outlines Plan for Revamp of Consumer Data Right

By Manesh Samtani | 13/08/2024

Assistant Treasurer Stephen Jones said the CDR currently costs too much to implement, which has resulted in little takeup.