AUSTRALIA

Australian Banks Make Progress on Capital-Raising

By Editors | 18/07/2015

Major Australian banks have been preparing for higher capital requirements, with National Australia Bank (NAB) now possessing the sector’s highest capital ratio.

Australia and Bangladesh Sign Information Exchange Deal

By Editors | 17/07/2015

Australia has signed a memorandum of understanding with Bangladesh establishing a framework for the exchange of financial intelligence related to money laundering and terrorism financing and other serious offences.

High Capital Requirements May Not Affect Regional Aussie Banks

By Editors | 17/07/2015

The Australian Prudential Regulation Authority is focusing on the major banks in its response to the Murray inquiry’s call for ‘unquestionably strong’ capital, appearing to let regional banks off the hook.

ASIC Releases Evidence Metrics for Self-Assessment of Regulator Performance

By Editors | 15/07/2015

The Australian Securities and Investment Commission has released the evidence metrics it will use to report against the Federal Government’s Regulator Performance Framework, which aims to reduce the regulatory burden while achieving the same regulatory outcomes.

Australian Regulator Mulls Increase of Bank Capital

By Editors | 13/07/2015

The Australian Prudential Regulation Authority expects major banks will need to increase capital ratios by at least 2 percent to achieve the capital standards recommended by the Financial System Inquiry (FSI).

Australia Regulators Push to Allow Super Funds to Pledge Assets as Collateral

By Editors | 12/07/2015

The Australian Investments & Securities Commission is pushing to reform laws to allow super funds to pledge their assets as collateral, in a bid to help them reduce dealing costs associated with currency hedging.

Banks Uncooperative in Australia Rate-Setting Probe

By Editors | 11/07/2015

The Australian Securities and Investments Commission says banks have been slow in providing information on possible manipulation of Australia’s interest-rate benchmark.

Australian P2P Lenders Want More Regulation

By Editors | 10/07/2015

Peer-to-peer lenders say that lack of supervision is their biggest threat to the P2P lending industry.

APRA Warns Banks of Cloud Computing Risks

By Editors | 08/07/2015

The Australian Prudential Regulation Authority has highlighted new risks being created as the banking industry makes greater use of cloud computing to cut costs and compete with technology-based rivals.