AUSTRALIA

Market Infrastructure

ASX Announces JP Morgan Launch of Agency Clearing Service

By Editors | 27/09/2018

Australian-domiciled clients will be able to keep AUD and NZD cleared derivatives within a single clearing house and legal construct, while leveraging local ASX infrastructure.

Fintech / Regtech

Australia Consults on Regulatory Framework for Stored Value Facilities

By Garima Chitkara | 26/09/2018

Regulators considering a tiered approach, whereby facilities providers with larger amounts of stored value would be subjected to higher regulatory requirements.

Enforcement

ASIC Report Reveals ‘Unacceptable Delays’ by FIs in Handling Breaches

By Manesh Samtani | 26/09/2018

Institutions take over 4 years to identify breaches, over 2 months to start an investigation into identified breaches, and 2.5 months to lodge breach reports with ASIC.

Fintech / Regtech

APRA Updates Guidance on Cloud Computing Use by Regulated Entities

By Manesh Samtani | 25/09/2018

Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.

Market Infrastructure

ASIC Details Areas for Improvements in ASX Governance

By Editors | 18/09/2018

The ASX Group has undertaken an extensive work programme aimed at improving technology governance and operational risk management.

Enforcement

ASIC Pursues Civil Penalty for ANZ Disclosure Breach

By Manesh Samtani | 17/09/2018

ANZ failed to disclose in its 2015 capital raising that underwriters Citi and Deutsche took up one-third of its share placement.

Market Infrastructure

NEX Launches OTC Derivatives Reporting Solution in Australia

By Editors | 17/09/2018

The solution ensures data integrity and quality before delivery to CME Group or DTCC Asia licensed trade repositories.

Market Infrastructure

ACCC Consults on Open Banking Data Rights Rules

By Editors | 13/09/2018

Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.

Market Infrastructure

NZX, Nasdaq Agree to Explore Cross Market Access

By Manesh Samtani | 12/09/2018

The exchanges will explore opportunities to promote dual listings, depository receipts, ETFs and broader market development initiatives.