AUSTRALIA

    Market Infrastructure

    ASIC Publishes ‘Robo-advice’ Guidelines

    By Samuel Riding | 31/08/2016

    Guidance covers licensing through to actual advice provision.

    Capital / Liquidity

    APRA Finalises Capital Buffer Guidance

    By Samuel Riding | 31/08/2016

    ADIs should hold conservation buffer of 2.5% of RWA, rising to 3.5% for D-SIBS.

    Australian Treasurer Rejects Call for Banking Inquiry

    By Samuel Riding | 26/08/2016

    Scott Morrison says sector should focus on improving culture to prevent misconduct.

    AML / KYC

    New Zealand-China AML Operation Nets $31mn

    By Samuel Riding | 24/08/2016

    Forfeiture the largest ever in New Zealand and first related to crimes alleged to have occurred in China.

    Market Infrastructure

    APRA Defers Non-centrally Cleared Derivatives Standard

    By Samuel Riding | 22/08/2016

    Letter to regulated entities says CPS 226 implementation deferred due to international delays.

    AML / KYC

    Australian Banks Reject Open Data Call

    By Samuel Riding | 22/08/2016

    Gap between fintech and traditional banking made clear in responses to Productivity Commission inquiry.

    Australian Banks Face US Civil Action on Alleged Rate Rigging

    By Samuel Riding | 19/08/2016

    Civil claim accuses lenders of racketeering, wire fraud and collusion; cites ASIC investigations.

    Crypto / Digital Assets

    ASX Advances Blockchain Development

    By Samuel Riding | 18/08/2016

    Permission-based network due to replace electronic sub-register.

    Capital / Liquidity

    ANZ Moves to Boost Tier 1 Capital

    By Samuel Riding | 17/08/2016

    Bank unveils USD757mn hybrid bond offering to meet APRA requirements.

    Market Infrastructure

    Australian Equities Market Cleaner Since Rule Change

    By Editors | 11/08/2016

    Anomalous trading ahead of announcements declining, ASIC says.

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