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Big Picture
RBNZ Report Assesses Impact of AI on Financial Stability
By Sanday Chongo Kabange | 06/05/2025
RBNZ’s Kerry Watt said AI’s impact could be positive, especially in enhancing resilience, but it could also introduce or amplify vulnerabilities
AML / KYC
The Skinny on Scams: Australia, Hong Kong, and Singapore Focus on Financial Deception
By Nathan Lynch | 06/05/2025
Nathan Lynch explores the lessons from the different approaches to managing the sophistication and scale of the burgeoning “scam industry”.
Securities / Derivatives
ASX Proposes Changes to CDI Depositary Nominee Rules
By Editors | 05/05/2025
The proposed amendments update the legal framework for Depositary Nominee services provided in respect of CHESS Depositary Interests.
Enforcement
NZ High Court Orders Westpac to Pay Penalty for Misleading Customers
By Sanday Chongo Kabange | 03/05/2025
Westpac was fined for failing to deliver contractually agreed discounts to over 20,000 customers, a breach of the FMCA’s fair dealing provisions.
Capital / Liquidity
RBNZ Outlines Path Ahead for Deposit Taker Regulations
By Manesh Samtani | 02/05/2025
RBNZ details next steps for new deposit taker rules, including liquidity, disclosure, and depositor compensation. Decisions on capital rules will come later.
Crypto / Digital Assets
Australia NASC Reports Surge in Phishing Scams, Financial Losses
By Sanday Chongo Kabange | 02/05/2025
The NASC has recorded an increase in phishing scams, resulting in losses of AUD 11.1 million from 1 January to 23 March this year.
Fintech / Regtech
ACCC Authorises AusPayNet, AP+ to Engage on Payments Infrastructure
By Sanday Chongo Kabange | 02/05/2025
ACCC has given AusPayNet, AP+ and others interim approval to share information relating to the future development of Australia’s payments infrastructure.
Enforcement
ASX Outlines CHESS Resourcing Plan in Response to RBA Rebuke
By Sanday Chongo Kabange | 02/05/2025
ASX has committed to a series of actions to further strengthen its resourcing arrangements for the maintenance and support of CHESS.
AML / KYC
AUSTRAC to Cancel Registrations of Inactive Crypto Exchanges
By Sanday Chongo Kabange | 01/05/2025
Around a quarter of Australia’s 400-plus registered digital currency exchanges are believed to be inactive, and at risk of being co-opted by criminals.
Fintech / Regtech
NZ FMA Announces First Six Firms That Will Join Pilot Sandbox
By Manesh Samtani | 30/04/2025
Six firms will test new products and services in a controlled environment, helping the FMA to gain greater insights into new technologies.
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