Australia

ASIC Updates Guidance for Reportable Situations Regime

By Editors | 29/04/2023

ASIC says the focus of the update is to improve consistency and quality of reporting practices and reduce the regulatory burden on licensees

Capital / Liquidity

RBNZ Proposes to Ease Mortgage Lending Restrictions

By Sanday Chongo Kabange | 27/04/2023

The RBNZ proposes to ease the existing LVR restrictions by 1 June as it now sees reduced risks to financial stability.

Securities / Derivatives

APRA Warns of Super Fund Underperformance in Choice Segment

By Editors | 26/04/2023

APRA’s supervision of poorly performing Choice products will intensify, and that trustees can expect “even greater scrutiny” of their product offering.

Capital / Liquidity

RBNZ Sets Risk Weight for BGF Investments at 250pc

By Editors | 24/04/2023

A 250% risk weight will be introduced for bank investments in the Business Growth Fund, a new fund being introduced to improve SME access to finance.

AML / KYC

Australia to Establish SMS Sender ID Registry

By Editors | 24/04/2023

The move will add a “new layer of protection” for Australian consumers against scammers using these known brands to target and deceive.

ACCC Issues Paper Seeks View on Banks’ Rate-setting Practices

By Editors | 24/04/2023

ACCC chair says the inquiry will closely examine how banks make decisions on interest rates and any barriers consumers face in getting a better deal.

ESG / Sustainability

Australia to Introduce Green Financing Programme in 2024

By ESG Investor | 23/04/2023

Sovereign Green Bonds programme to attract green capital to Australia through increasing transparency around climate outcomes and availability of green investments.

Market Infrastructure

RBA to Undergo Overhaul Following Comprehensive Review

By Editors | 21/04/2023

The review report suggests splitting the RBA’s board into a monetary board and a corporate governance board.

AML / KYC

Australia Opens Consultation on ‘Tranche 2’ AML Reforms

By Sanday Chongo Kabange | 21/04/2023

The proposed reforms will extend the AML/CTF regime to lawyers, accountants, trust and company service providers, real estate agents, and dealers in precious metals and stones.