AUSTRALIA

Australia Bank Funding Costs Set to Increase

By Editors | 19/09/2015

The Australian Prudential Regulatory Authority has said banks will need to fund themselves with more expensive long-term debt over time to reduce risk to the financial system.

ASIC Urges Licensed Entities to Resolve Compliance Issues

By Editors | 16/09/2015

The Australian Securities and Investment Commission has identified compliance failures by responsible entities and superannuation trustees.

Australia Commissions Capabilities Review of ASIC

By Editors | 11/09/2015

Australia’s government has commissioned a capabilities review to to examine, and make recommendations on how efficiently and effectively ASIC operates.

APRA Consults on Super Fund Governance Arrangements

By Editors | 02/09/2015

Consultation package proposes changes to governance and prudential framework in light of proposed legislative amendments requiring more board independence at super funds.

ASIC’s Biggest Concern – Culture and Conduct

By Editors | 02/09/2015

The Australian Securities and Investment Commission has published its latest three-year corporate plan, highlighting gatekeeper conduct and poor financial advice as some of its biggest concerns.

RBA Issues Corporate Plan for 2015/2016

By Editors | 02/09/2015

The Reserve Bank of Australia has issued its 2015/2016 corporate plan describing its objectives and strategies the year.

Australia Payments System Board signs MoU with Payments Council

By Editors | 01/09/2015

The Memorandum of Understanding sets out a framework for engagement between the two bodies and will enhance industry coordination in dealing with cooperative issues that arise in the payments system.

No Desire for City-Specific Lending Controls, says APRA

By Editors | 31/08/2015

The Australian Prudential Regulation Authority is down-playing its desire for city-specific lending restrictions to cool Sydney and Melbourne property prices.

Industry Funding Model Proposed for Australian Regulator

By Editors | 28/08/2015

ASIC releases consultation paper proposing an industry funding model where regulatory costs will be recovered directly from banks, listed companies and the financial services sector.