Australia

Trade Based Money Laundering

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.

Clearing & Post-Trade

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.

Conduct, Culture & Accountability

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

Credit Risk

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.

Supervision & Enforcement

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 Adequacy

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.

Fraud, Scams & Cybercrime

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.

Structural Regulation

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.

Sustainable Finance

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.