Australia

    Capital / Liquidity

    APRA Proposes Enhanced Disclosures on Remuneration, Risk Metrics

    By Editors | 07/07/2022

    APRA proposes to require FIs to publicly disclose how their remuneration arrangements are designed and how risk is factored into remuneration outcomes for key executives.

    ASIC Issues Guidance on Using Superannuation Forecasting tools

    By Editors | 07/07/2022

    Under the retirement income covenant, superannuation trustees are expected to consider providing superannuation calculators or retirement estimates to members.

    AML / KYC

    Puerto Rico Forces Closure of Bank Involved in Global Tax Probe

    By Manesh Samtani | 06/07/2022

    Peter Schiff’s Euro Pacific Bank was forced to close over capital shortfall and regulatory violations. The bank has been at the centre of a global tax evasion probe.

    AML / KYC

    New Zealand DIA Publishes Guidance on AML/CFT Approach & Strategy

    By Sanday Chongo Kabange | 06/07/2022

    The first publication covers the DIA’s approach to regulating AML/CFT. The second outlines how the DIA uses its compliance and enforcement toolkit.

    Fintech / Regtech

    AUSTRAC Issues Update on Reporting System Enhancements

    By Editors | 05/07/2022

    AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.

    Market Infrastructure

    ASX Responds on Tranche 3 Rule Changes for CHESS Replacement

    By Editors | 05/07/2022

    The rule amendments will be subject to regulatory approvals. ASX proposes to lodge the combined rules package with ASIC in Q4 of calendar year 2022.

    Crypto / Digital Assets

    ANZ Completes First Stablecoin Transaction Involving Carbon Credit

    By Editors | 05/07/2022

    ANZ client Victor Smorgon Group successfully purchased tokenised Australian carbon credits from Zerocap using A$DC as a medium of exchange.

    Market Infrastructure

    ASIC Calls on Industry to Bolster Resilience to Market Outages

    By Manesh Samtani | 05/07/2022

    Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.

    Fintech / Regtech

    Australia Commences Roll-out of New Payments Service PayTo

    By Editors | 04/07/2022

    PayTo checks upfront for adequate funds in the paying customer’s account at payment initiation, reducing rejected payments and manual exception handling.

    Capital / Liquidity

    APRA Concludes Post Implementation Review of LCR, NSFR

    By Editors | 02/07/2022

    The LCR and NSFR are operating effectively, but there are potential improvements that could be made to improve efficiency, APRA says.

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