Australia

Capital / Liquidity

APRA Proposes Changes to Liquidity Management Rules for Banks

By Sanday Chongo Kabange | 15/11/2023

Smaller banks will have to value liquid assets on a mark-to-market basis. Debt securities issued by other banks will no longer be considered eligible liquid assets.

Crypto / Digital Assets

ASIC Sheds Light on Losses Recovered for Retail Derivatives Investors

By Sanday Chongo Kabange | 13/11/2023

Seven CFD issuers and Binance Australia Derivatives paid A$17.4mn in compensation to over 2,000 retail clients since March 2021.

Market Infrastructure

ASIC Says Cyber Resilience “Must be a Top Priority”

By Sanday Chongo Kabange | 13/11/2023

ASIC’s cyber pulse survey found “significant” cyber security risk management deficiencies at listed companies and licensed entities.

Enforcement

ASIC Fines HESTA Super Fund for “Misleading” Advertising

By Editors | 13/11/2023

HESTA performance figures used in Facebook and Instagram ads and in a webinar did not specify the period the figures related to.

AML / KYC

ASIC Launches New and Improved Investor Alert List

By Editors | 08/11/2023

The list includes entities that are offering services to Australians without authorisation, as well as “impostor” entities and websites.

Fintech / Regtech

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

AFCA Consults on Approach to Complaints Involving Advisers, MIS

By Sanday Chongo Kabange | 07/11/2023

The consultation sets out how AFCA will determine compensation for investors affected by managed investment schemes that fail or become insolvent.

Market Infrastructure

RBNZ Consults on New Policy for Branches of Overseas Banks

By Sanday Chongo Kabange | 07/11/2023

This is the RBNZ’s third consultation regarding its planned new policy for branches of overseas banks.

Enforcement

ASIC Files First Lawsuit for Non-compliance With IDR Regime

By Sanday Chongo Kabange | 07/11/2023

ASIC says Telstra Super did not respond to more than 100 complaints within the 45 days required under the new internal dispute resolution regime.