Australia

Capital / Liquidity

RBNZ Finalises ‘Connected Exposures’ Policy, Effective in October

By Sanday Chongo Kabange | 25/08/2023

RBNZ’s Kate Le Quesne said the new connected exposures policy aligns with the capital adequacy framework and supports financial stability.

Market Infrastructure

Australian Government Launches Competition Policy Review

By Mark Johnston | 25/08/2023

Among other things, the review will consider a tightening of the existing merger clearance regime, as proposed by the ACCC.

ESG / Sustainability

IGCC Devises Climate Resilience Strategy

By ESG Investor | 25/08/2023

Adaptation themes will be incorporated into IGCC’s workstreams to drive investment in climate resilience across Australia and New Zealand.

Crypto / Digital Assets

RBA Completes CBDC Research Project, Issues Findings

By Sanday Chongo Kabange | 24/08/2023

The project highlighted areas where a CBDC could enhance the payments system, but also raised a number of legal and regulatory issues.

ESG / Sustainability

RBNZ Releases Results of Second Climate Risk Survey

By Sanday Chongo Kabange | 24/08/2023

Just over half of the entities have not yet undertaken climate-related scenario analysis, though all plan to do so in the next 12 months.

ESG / Sustainability

New Zealand to Enhance ETS Market Governance Framework

By Mark Johnston | 22/08/2023

The government has agreed to two proposals to improve market governance for the New Zealand Emissions Trading Scheme.

Crypto / Digital Assets

New Zealand: Collapsed Crypto Firm Reported to FMA, SFO

By Sanday Chongo Kabange | 22/08/2023

Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.

Crypto / Digital Assets

NZ Parliamentary Report Warns Against Overregulating Digital Assets

By Manesh Samtani | 21/08/2023

New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.

Crypto / Digital Assets

Australia Sentences Crypto Lender for Falsely Claiming it Had Credit Licence

By Sanday Chongo Kabange | 20/08/2023

Helio Lending entered into a A$15,000 good behaviour recognisance bond for a period of 12 months.