Australia

Market Infrastructure

ASIC Updates Financial Markets Licensing Regime

By Garima Chitkara | 07/05/2018

New regulatory guidance will designate and license financial markets based on their risk and systemic importance to the Australian economy; changes said to incorporate technological and risk concerns.

Enforcement

Australia Authorises New Financial Complaints Body

By Garima Chitkara | 04/05/2018

The Australian Financial Complaints Authority, going into operation on 1 November this year, will focus on complaints by consumers and small businesses against financial firms.

Crypto / Digital Assets

ASIC Takes Aim at Misleading, Deceptive ICOs

By JP Reimann | 03/05/2018

Regulator warns that Australian corporate and consumer law applies, even for overseas ICOs, if Australian consumers are affected.

Capital / Liquidity

CBA Ordered to Boost Capital Until Governance Improves

By Editors | 02/05/2018

Prudential inquiry reveals widespread complacency, inadequate risk management, unclear executive level accountabilities, among other failings at the bank.

Crypto / Digital Assets

ASX to Replace Post Trade Infrastructure with DLT Solution

By Manesh Samtani | 01/05/2018

New DLT system to provide more efficient clearing, settlement and other post-trade services through improved record keeping, reduced reconciliation, more timely transactions, better quality data.

Capital / Liquidity

APRA to Remove Lending Growth Cap for Some Banks

By Garima Chitkara | 30/04/2018

APRA is proposing to do away with a 2014 measure that set an annual 10% cap for home lending growth for banks that can demonstrate better lending practices and low lending rates.

Australia, HK Suffer Lack of Trust in Financial Services – Report

By Manesh Samtani | 27/04/2018

CFA Institute survey finds as little as 31% of investors in Australia and 35% in Hong Kong trust the financial services industry.

Capital / Liquidity

Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

By Garima Chitkara | 26/04/2018

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

Enforcement

Australia Consults on ASIC Industry Funding Levy Amendments

By JP Reimann | 26/04/2018

Australia released new draft regulations to make technical amendments to the levies in the industry funding framework; consultation closes on 14 May 2018.