Australia

Fintech / Regtech

Australian Banks Expand Use of Blockchain For Bank Guarantees

By Sanday Chongo Kabange | 05/09/2020

ANZ, CBA, Westpac, IBM and Scentre Group are opening up to early adopters a blockchain platform that in trials has reduced the issuance time for bank guarantees to just one day.

Uncategorised

Australia Passes Law to Allow Employees to Choose Super Fund

By Sanday Chongo Kabange | 04/09/2020

The bill will allow Australians to choose their own superannuation fund instead of being forced to invest in mandatory superannuation funds offered by their employers.

Securities / Derivatives

New Zealand Extends Overseas Investment Notification Requirement

By Editors | 04/09/2020

The notification regime allows the government to impose conditions on or block transactions that are contrary to New Zealand’s national interest.

Fintech / Regtech

Australia Senate Committee on Fintech, Regtech Publishes Interim Report

By Editors | 04/09/2020

The committee has categorised the material presented under: Covid-19 issues, tax, regulation, access to capital, skills and talent, and culture.

Capital / Liquidity

RBA Expands Low-cost Term Lending Facility for Banks

By Editors | 02/09/2020

The expansion brings the total available funding under the term lending facility to about A$200 billion, said RBA governor Philip Lowe.

Market Infrastructure

APRA Updates Four-Year Corporate Plan to Prioritise Covid Risks

By Editors | 02/09/2020

APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.

Enforcement

ASIC Four-year Plan Targets Misconduct, Innovation

By Editors | 01/09/2020

In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.

Market Infrastructure

APRA Issues 3rd Consultation Package on Superannuation Data Collection

By Editors | 30/08/2020

The third package contains consultation materials covering four areas: expense reporting, asset allocation, insurance arrangements, and fees and costs.

Crypto / Digital Assets

Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

By Editors | 30/08/2020

Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.