AUSTRALIA

Market Infrastructure

NZX Overhauls Listing Rules in Transition to Single Board

By Editors | 30/10/2018

New listing rules to take effect from January, in advance of migration to a single board where equity, debt and fund issuers will be covered in a single rule set.

Capital / Liquidity

Changes to Address Bad Behaviour at Banks Will Improve Resilience – RBA

By Manesh Samtani | 30/10/2018

Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.

Market Infrastructure

Delivering Value from OTC Derivatives Repository Data

By Oliver Williams | 29/10/2018

DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia’s regulators and institutions seek even greater transparency of OTC derivatives markets.

Enforcement

ASIC to Begin Embedding Staff within Banks Starting with CBA

By Garima Chitkara | 26/10/2018

ASIC officials will begin working at CBA starting from next week and will go in and out of other institutions, focusing on institutional behaviour and decision making.

Crypto / Digital Assets

Sibos: New Digital Economy Places Customer Needs in Focus

By Matthew Chan | 25/10/2018

As Australia’s banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.

AML / KYC

AUSTRAC Annual Report Highlights Increased Suspicious Matter Reporting

By Manesh Samtani | 25/10/2018

A 70% increase in suspicious matter reporting over the previous year was partly attributed to the strong message sent by AUSTRAC’s A$700mn enforcement action against CBA.

Market Infrastructure

Market Needs to Do More to Prepare for End of LIBOR – ASIC, RBA

By Garima Chitkara | 24/10/2018

Participants need to be clear that the LIBOR will end after 2021 and prepare to deal with the challenges this presents, Australian regulators said at the ISDA Annual Australia Conference.

Enforcement

ASIC Will Use Every Power Available to Punish Dishonest Behaviour – Shipton

By Manesh Samtani | 19/10/2018

The Royal Commission has reinforced that the financial industry has abandoned its core role of being custodians of other peoples’ money, said ASIC chair James Shipton.

Securities / Derivatives

Chi-X Australia, Deutsche Announce New TraCR Issuances

By Editors | 19/10/2018

Microsoft, JP Morgan, Disney and Facebook will join Apple in becoming Transferable Custody Receipts listed on Chi-X Australia, with more issuances to follow.