Australia

    Conduct, Culture & Accountability

    Australia to Ease Reporting Burden Under Financial Accountability Regime

    By Sanday Chongo Kabange | 17/06/2026

    APRA and ASIC have proposed changes to the financial accountability regime to reduce administrative workloads for financial institutions without lowering accountability standards.

    Structural Regulation

    APRA Proposes Major Overhaul of Financial Sector Governance

    By Sanday Chongo Kabange | 17/06/2026

    The regulator has released a draft prudential standard to harmonise rules, clarify board accountability, and address emerging risks across all regulated industries.

    Market Abuse

    ASIC Proposes New Regulatory Guide on Pre-hedging

    By Sanday Chongo Kabange | 16/06/2026

    ASIC is seeking feedback on draft guidance clarifying its expectations for market participants engaging in pre-hedging, aligning with global standards.

    Supervision & Enforcement

    ASX Admits Misleading Market on CHESS, Agrees A$20.5M Penalty

    By Sanday Chongo Kabange | 15/06/2026

    ASX has settled legal proceedings with ASIC over 2022 misleading statements about its CHESS replacement project.

    Supervision & Enforcement

    Australian Court Imposes Record A$300m Penalty for CFD Misconduct

    By Editors | 15/06/2026

    ASIC has secured a record penalty against three collapsed CFD brokers for systemic unconscionable conduct that targeted vulnerable investors and profited from their losses.

    Fraud, Scams & Cybercrime

    Australia Expands AFCA's Role to Cover New Scams Framework

    By Sanday Chongo Kabange | 15/06/2026

    AFCA has been authorised to act as the single external dispute resolution body for scams, bringing banks, telcos and digital platforms under one framework.

    Conduct, Culture & Accountability

    CA ANZ Targets Major Firms with Reviews Amid KPMG Ethics Scandal

    By Sanday Chongo Kabange | 12/06/2026

    The accounting body has launched targeted reviews into major firms and is advocating for legislative reform to strengthen whistleblower protections.

    Market Abuse

    Australia: KPMG, Lendlease, Law Firms Face Parliamentary Inquiry

    By Sanday Chongo Kabange | 11/06/2026

    A federal parliamentary inquiry will scrutinise allegations of data misuse at KPMG, calling top executives from the firm, its clients, and legal advisors to testify.

    Supervision & Enforcement

    ASIC Warns 'Straggler' Super Funds Over Death Benefit Claim Delays

    By Sanday Chongo Kabange | 10/06/2026

    ASIC has put superannuation trustees on notice, warning of further enforcement action amid persistent failures in handling death benefit claims.

    PEPs & Sanctions

    Australia, NZ Join Coordinated Sanctions on West Bank Settler Networks

    By Editors | 10/06/2026

    The measures, coordinated with the UK and Canada, target entities and individuals involved in financing settler violence.

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