Australia

    Capital / Liquidity

    APRA Finalises Framework for Limiting Risky Mortgage Lending

    By Editors | 15/06/2022

    Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.

    Crypto / Digital Assets

    Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

    By Editors | 14/06/2022

    The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

    Securities / Derivatives

    ASIC Issues New Guidance on Prevent Greenwashing in Funds

    By Manesh Samtani | 14/06/2022

    Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.

    Enforcement

    Contracts for Difference: Playing with Fire

    By Emma Parry | 13/06/2022

    Increased regulatory scrutiny of CFDs highlights the need for a renewed focus on financial literacy and investor education, says Emma Parry.

    Securities / Derivatives

    RBNZ to Start Unloading Government Bond Holdings in July

    By Editors | 12/06/2022

    The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.

    Enforcement

    ASIC Issues Guidance on Financial Adviser Warnings, Reprimands

    By Editors | 12/06/2022

    ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.

    Enforcement

    ASIC Sues Payday Lender Over ‘Prohibited’ Fees

    By Editors | 09/06/2022

    The case involves over 670,000 contracts entered into by Sunshine Loans that included an amendment or rescheduling fee that is not permitted.

    RBA Raises Interest Rates the Most in 22 Years

    By Editors | 09/06/2022

    Australian Treasurer Jim Chalmers suggested that inflation could worsen and more rate hikes could come.

    Enforcement

    Australian Man Pleads Guilty to Pump and Dump Scheme

    By Editors | 08/06/2022

    The man, Gabriel Govinda, will be the first to be convicted in Australia over a social media pump-and-dump scheme.

    Crypto / Digital Assets

    Investment Scams On the Rise in Australia: ACCC

    By Editors | 08/06/2022

    Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.

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