Australia

Australia to Ban Use of Credit Cards for Online Gambling

By Editors | 02/05/2023

Bank Identification Numbers (BINs) will be used to identify and block credit card payments. The ACMA will enforce the ban.

Capital / Liquidity

NZ Banks Have ‘Relatively Little’ Interest Rate Risk: RBNZ

By Sanday Chongo Kabange | 02/05/2023

RBNZ says New Zealand banks are required to hold fewer bond assets than banks in other developed economies and account for them at fair market value.

APRA, AFCA Sign MoU on Information Sharing and Cooperation

By Editors | 02/05/2023

The MoU sets out the basis for engagement between APRA and AFCA, including information sharing and other forms of cooperation and coordination.

AML / KYC

Combatting TBML Through Beneficial Ownership and Enhanced Transparency

By Jeremy Moller | 02/05/2023

Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.

Fintech / Regtech

ASX Issues Update on CHESS Replacement Partnership Programme

By Editors | 01/05/2023

Under the A$70mn Partnership Programme, ASX will offer payouts to stakeholders to support their efforts in meeting project milestones.

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.