AUSTRALIA

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    Enforcement

    ACCC Fines NAB Over CDR Data Quality Issues

    By Sanday Chongo Kabange | 19/06/2025

    The ACCC said NAB’s payment of the penalties is the highest amount paid for alleged contraventions of the CDR rules to date.

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    Fintech / Regtech

    “Perfect Storm” of Operational Risks Brewing: APRA Official

    By Thisanka Siripala | 19/06/2025

    APRA’s Chris Gower said geopolitics, cyber threats, and third-party reliance create operational resilience challenges for the financial sector.

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    Enforcement

    ASIC Targets Misconduct in Consumer Credit and Car Finance Sectors

    By Thisanka Siripala | 18/06/2025

    Commissioner Alan Kirkland said ASIC is prioritising consumer credit protection, focusing on predatory lending, hardship assistance, and debt management

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    Market Infrastructure

    New Zealand FMA Gives NZX Top Marks in Latest Review

    By Sanday Chongo Kabange | 18/06/2025

    Only two recommendations were made, one around testing participant resilience and the other around assessing system recovery arrangements.

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    APRA Proposes Updates to Naming Exemptions Under Banking Act

    By Sanday Chongo Kabange | 18/06/2025

    APRA is proposing to remake two instruments under the Banking Act instruments and allow one to subset in October.

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    Sanctions

    Australia, UK, EU and Canada Tighten Sanctions on Russia

    By Manesh Samtani | 18/06/2025

    The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.

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    Securities / Derivatives

    NZ’s FMA Consults on Class Exemption for Debt Security Buybacks

    By Thisanka Siripala | 18/06/2025

    The exemption would allow listed issuers to bypass certain unsolicited offer requirements, provided alternative disclosure obligations are met.

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    Enforcement

    ASIC Rejects Licence Application by Debt Management Firm

    By Thisanka Siripala | 18/06/2025

    ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.

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    ESG / Sustainability

    Australia Releases First National Sustainable Finance Taxonomy

    By Thisanka Siripala | 17/06/2025

    The taxonomy provides voluntary classification standards for green and transition investments across six high-emitting sectors.

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    Enforcement

    ASIC Launches Inquiry into “Serious” Capability Failures at ASX

    By Sanday Chongo Kabange | 16/06/2025

    ASIC will examine ASX’s governance capability and risk management frameworks following repeated and serious failures.

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