Australia

Trading & Investment

PASLA to Expand Footprint to Australia, New Zealand

By Editors | 18/06/2024

PASLA will work with the Australian Securities Lending Association to finalise an agreement within Q4 2024.

Cryptocurrency

UPDATED – ASX to List First Bitcoin ETF, Joining Cboe Australia

By Editors | 14/06/2024

APAC CEO Arian Neiron said VanEck recognised bitcoin as an emerging asset class that “many advisers and investors want to access”.

AI Risk & Governance

Australia is Inching Closer to a Regulatory Framework for AI

By Natasha Teja | 14/06/2024

A year-end consultation is expected, as businesses warn that the current lack of regulatory clarity inhibits innovation.

Structural Regulation

NZ Minister Orders Inquiry into Banking Competition

By Sanday Chongo Kabange | 14/06/2024

The Select Committee inquiry will examine banking competition, focusing on business and rural banking and lending.

Fraud, Scams & Cybercrime

Westpac Enhances Security Features to Protect Against Scams

By Sanday Chongo Kabange | 13/06/2024

Westpac’s Ben Young said the new security features will help individuals and small businesses identify potential scams before they have made a payment,

Operational Risk

APRA Finalises Operational Risk Management Guidance

By Sanday Chongo Kabange | 13/06/2024

The guidance is designed to help FIs implement the new cross-industry standard on operational risk management.

Structural Regulation

ASIC Issues First Stop Order Targeting Crowdfunding Campaign

By Sanday Chongo Kabange | 13/06/2024

ASIC issued an interim stop order against a crowd-sourced funding campaign because of its use of a nominee arrangement.

Cryptocurrency

Australia Bans Use of Crypto, Credit for Online Gambling

By Editors | 12/06/2024

Cryptocurrencies, credit cards, and other new forms of credit cannot be used as payment methods for online gambling.

Trading & Investment

New Zealand FMA Proposes New Rules for Derivatives Issuers

By Sanday Chongo Kabange | 12/06/2024

The FMA proposes to limit the amount of leverage that derivative issuers can offer, and to require them to conduct suitability checks.