AUSTRALIA

    Capital / Liquidity

    Basel Committee Publishes Follow-up Reports on Basel III Implementation

    By Manesh Samtani | 13/03/2018

    The Committee also published an assessment handbook and self-assessment questionnaire to help member jurisdictions prepare for future RCAP assessments.

    AML / KYC

    Credit Reporting Regime Must Be Fair: ABA

    By Editors | 09/03/2018

    Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.

    Market Infrastructure

    SGX, NZX Sign MoU on Market Development, Information Exchange

    By Garima Chitkara | 08/03/2018

    MoU aimed at promoting market development initiatives in Asia Pacific region, including for derivatives, secondary listings and ETFs.

    Market Infrastructure

    APRA Takes Aim at Cyber Attacks with New Proposed Standard

    By Garima Chitkara | 08/03/2018

    New measures would require firms to have clearly defined information-security related roles, capabilities and controls to boost their ability to repel cyber criminals and respond to breaches effectively.

    Enforcement

    ASIC Consults on Oversight of New Financial Complaints Body

    By Editors | 06/03/2018

    The regulator seeks feedback on whether firms need transitional relief from dispute resolution disclosure obligations in the lead up to the new body’s commencement in November.

    Capital / Liquidity

    APRA Mulls Removal of Mortgage Lending Cap

    By Editors | 06/03/2018

    Removing the 10 percent growth cap would enable banks to increase mortgage lending, ease mortgage rates for investors and boost competition in the sector.

    Market Infrastructure

    RBNZ Focused on Public Disclosure Regime

    By Garima Chitkara | 03/03/2018

    Reserve Bank of New Zealand is working to improve its disclosure regime to uphold three regulatory pillars: self-discipline, market discipline and regulatory discipline.

    Fintech / Regtech

    Australia to Develop Fintech Code of Conduct

    By Editors | 02/03/2018

    The code of conduct will cover transparency and disclosure for fintech balance sheet lenders offering unsecured business loans.

    AML / KYC

    CBA Defends Against Regulators’ Allegations

    By Manesh Samtani | 01/03/2018

    The bank says its employees did not adversely impact the BBSW as ASIC claims, denies AUSTRAC allegations of systemic AML noncompliance.

    Enforcement

    APRA Faces Questioning on Mortgage Fraud Risk Review

    By Garima Chitkara | 01/03/2018

    APRA chairman to answer questions on unreleased mortgage risk review findings in Australian Senate this week.

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