Australia

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    ESG / Sustainability

    Preparations for Mandatory Climate Disclosures Must Start: ASIC

    By Sanday Chongo Kabange | 24/04/2024

    ASIC calls on companies to put in place systems, processes and governance practices that will be required to meet new climate reporting requirements.

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    Capital / Liquidity

    New Zealand FMA Issues Liquidity Risk Management Guide

    By Editors | 24/04/2024

    The new guide emphasises the importance of effective liquidity risk management at “all stages of fund management”.

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    ESG / Sustainability

    RBNZ Unveils Results of 28-year Climate Stress Test

    By Sanday Chongo Kabange | 24/04/2024

    The stress test highlighted the potential for climate-related risks to “significantly” reduce bank profitability.

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    Enforcement

    Australian Court Fines Macquarie for Inadequate Controls

    By Editors | 21/04/2024

    Macquarie failed to prevent a now jailed financial adviser from fraudulently withdrawing A$2.9mn from customer accounts between 2016 and 2019.

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    AML / KYC

    NZBA Calls for Scam Prevention Support from Government

    By Sanday Chongo Kabange | 19/04/2024

    The NZBA wants the government to set anti-scam expectations for other industries in the scam ecosystem besides banking.

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    Market Infrastructure

    ASX Consults on Incentives for CHESS Project Participation

    By Sanday Chongo Kabange | 19/04/2024

    ASX is consulting on payment options and incentives to enhance engagement and testing activities for the CHESS Replacement project.

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    Australia: Misconduct Compensation Scheme Starts Processing Claims

    By Editors | 18/04/2024

    The Compensation Scheme of Last Resort provides compensation to eligible consumers who have an unpaid determination from AFCA.

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    Fintech / Regtech

    ISDA Extends Digital Regulatory Reporting Initiative

    By Editors | 17/04/2024

    The initiative is being extended to cover new derivatives reporting rules in the UK, Australia and Singapore.

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    Crypto / Digital Assets

    RBNZ Consults on Design Options for ‘Digital Cash’

    By Sanday Chongo Kabange | 17/04/2024

    The RBNZ is seeking feedback on its judgments and design options for digital cash, which would be designed as a general-purpose CBDC.

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    AML / KYC

    Australian Senator Calls on AUSTRAC to Investigate TikTok

    By Nithya Subramanian | 17/04/2024

    TikTok’s platform was allegedly used to transfer money to accounts suspected of being linked to terrorist groups.

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