Australia

ASX to Overhaul Governance Body After Principles Stalemate

By Sanday Chongo Kabange | 17/10/2025

ASX says it will take direct responsibility for corporate governance principles, replacing a 19-member council with a smaller expert advisory group.

AML / KYC

AUSTRAC to Get Additional Powers to Combat Crypto ATM Crimes

By Sanday Chongo Kabange | 16/10/2025

New legislation will empower AUSTRAC to restrict or prohibit high-risk products and give banks new tools to disrupt money mule accounts.

AML / KYC

Australia Moves to Single Public Register for Beneficial Ownership

By Sanday Chongo Kabange | 16/10/2025

The government has streamlined its approach, scrapping a two-stage plan in favour of a direct, Commonwealth-operated public database for unlisted companies.

Enforcement

ASIC Expands Probe into Mortgage Broking Practices

By Sanday Chongo Kabange | 15/10/2025

ASIC has flagged new surveillances targeting misconduct in the credit sector, with a continued focus on financial hardship and debt collection.

Enforcement

APRA Lifts Final A$500 Million Capital Add-On From Westpac

By Sanday Chongo Kabange | 15/10/2025

The move follows the bank's completion of a multi-year risk remediation programme required under a 2020 court enforceable undertaking.

Securities / Derivatives

Australia Braces for New Regulations in Private Credit Market

By Blake Evans-Pritchard | 15/10/2025

Industry favours a voluntary code, but new regulation for the private credit market could yet be on the cards, experts say.

ASIC Criticises Super Funds for ‘Superficial’ Retirement Communications

By Sanday Chongo Kabange | 15/10/2025

ASIC has found a lack of urgency among trustees in improving member engagement, with significant gaps in support for vulnerable groups.

Securities / Derivatives

Swiss Court Rules Credit Suisse AT1 Bond Wipeout Was Unlawful

By Manesh Samtani | 15/10/2025

The court found the CHF 16.5 billion write-down lacked a legal basis, boosting investor hopes for compensation in a landmark ruling.

Enforcement

ASIC Amends Lawsuit Against Equity Trustees Over Shield Fund Losses

By Sanday Chongo Kabange | 15/10/2025

ASIC has amended its lawsuit against the superannuation trustee, adding a claim for member compensation to its initial penalty action.