Australia

Reporting & Disclosures

Australia Publishes New Sustainable Finance Roadmap

By Sanday Chongo Kabange | 20/06/2024

The roadmap says mandatory climate-related financial disclosure requirements will commence for large companies and FIs from 1 January 2025.

Anti-Money Laundering

National Risk Assessment Reinforces Need for AML Reforms: AUSTRAC CEO

By Editors | 20/06/2024

AUSTRAC CEO Brendan Thomas said the need to respond to the vulnerabilities posed by professional services firms is now “more critical than ever”.

Reporting & Disclosures

New Zealand Issues Guidance for Users of Climate Statements

By Sanday Chongo Kabange | 19/06/2024

The new guides are intended to help users such as investors and lenders to understand the CRD regime and the information provided in climate statements.

Structural Regulation

NZX Proposes to Relax Market Maker Eligibility Requirements

By Editors | 19/06/2024

NZX proposes to allow non-trading participants to become designated market makers to support increased liquidity and market efficiency.

Emerging Prudential Risks

APRA Launches Digital Version of Prudential Handbook

By Sanday Chongo Kabange | 19/06/2024

The new handbook presents all APRA prudential standards, guidance and supporting information in a digital format.

Fraud, Scams & Cybercrime

Australia NASC Joins Anti-Scam Intelligence Sharing Platform

By Sanday Chongo Kabange | 19/06/2024

The NASC will be able to share and receive more intelligence such as scam phone numbers, URLs, and bank accounts and use it to protect more Australians.

Operational Risk

APRA Amends Audit Framework for Superannuation

By Sanday Chongo Kabange | 19/06/2024

The changes reflect legislative reforms in relation to the financial reporting and audit requirements for superannuation.

Cloud & Infrastructure

New Zealand Launches Digital Hub for XRB Standards

By Sanday Chongo Kabange | 19/06/2024

The new platform is designed to make it easier for reporting entities to find and navigate the XRB’s standards for reporting and assurance.

Conduct, Culture & Accountability

New Zealand FMA Issues New CoFI Guidance for Smaller FIs

By Editors | 18/06/2024

The guidance will help smaller firms establish a Fair Conduct Programme and apply for the CoFI licence.