Australia

    AML / KYC

    In Conversation With Nathan Newman, AUSTRAC

    By Bradley Maclean | 11/02/2022

    Nathan Newman says regulated entities are uplifting their AML capabilities but could do more to apply appropriate assurance to their upgrades.

    Fintech / Regtech

    RBNZ to Commence Design Work on CBDC Proof of Concept

    By Mark Johnston | 10/02/2022

    Governor Adrian Orr said falling behind other central banks is “not an option” and the RBNZ will soon begin POC design and testing for a CBDC.

    AML / KYC

    ASIC Facing Resistance from Banks on Anti-Scam Measures – Report

    By Editors | 09/02/2022

    ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of “fierce pushback” from major banks.

    Market Infrastructure

    Australia: Senate Committee Recommends Quick Passage of CCIV Bill

    By Editors | 07/02/2022

    The Senate Economics Committee acknowledged “overwhelming support” for the CCIV legislation and recommended it be passed “as soon as practicable”.

    AML / KYC

    AUSTRAC Issues Guidance on Identifying Forced Sexual Servitude

    By Editors | 07/02/2022

    New financial crime guide provides practical advice to enable banks, businesses, and other FIs to identify and report potential cases of forced sexual servitude.

    Securities / Derivatives

    RBA Announces End to Quantitative Easing Programme

    By Editors | 06/02/2022

    RBA governor Philip Lowe suggests the central bank plans to maintain rather than shrink the size of its balance sheet.

    Fintech / Regtech

    Australia to Expand CDR Across Financial Services Sectors

    By Mark Johnston | 04/02/2022

    The government will assess which datasets to prioritise across the non-bank lending, merchant acquirer, superannuation and insurance sectors.

    Securities / Derivatives

    ASX Proposes Rule Changes to Facilitate CCIV Sub-fund Listings

    By Editors | 04/02/2022

    The changes will also facilitate the listing of foreign passport funds under the ARFP regime, and recognised managed investment schemes from New Zealand.

    Capital / Liquidity

    APRA Commences Initiative to Modernise Prudential Architecture

    By Editors | 02/02/2022

    APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.

    Market Infrastructure

    Chi-X Australia Completes Initial Integration with Cboe

    By Editors | 01/02/2022

    Cboe Global Markets acquired Chi-X in June 2021. The ongoing integration will bring the BIDS block trading model to the Australian market.

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