AUSTRALIA

    Aussie Banks Sell Stakes in Other Banks to Boost Capital

    By Editors | 07/07/2015

    Australian banks are actively looking to offload their equity stakes in foreign banks in anticipation of higher mortgage risk weightings being announced later this month.

    Australia Financial Planning Sector Reforms to be Announced in August

    By Editors | 04/07/2015

    Reforms to lift ethics, education and professionalism in the scandal-ridden financial planning industry are set to be released in August.

    Regulator to Respond on Raising Capital Levels at Australian Banks

    By Editors | 03/07/2015

    The Australian Prudential Regulation Authority is expected to respond this month (July) to Financial System Inquiry recommendations urging it to increase bank capital.

    Super Funds to Require More Independent Directors

    By Editors | 30/06/2015

    The Australian Prudential Regulatory Authority will amend its prudential standards to support the effective implementation of government proposals to improve independence of super fund governance.

    ASIC Blocks Interactive Brokers from FX Business in Australia

    By Editors | 24/06/2015

    The Australian Securities & Investments Commission has told Interactive Brokers to stop offering over-the-counter currency trading in Australia as it does not have the right license to operate.

    Asset Managers Do Not Pose Systemic Risk, Says Medcraft

    By Editors | 23/06/2015

    Australian Securities and Investments Commission chairman Greg Medcraft dismisses concerns that large asset managers pose a systematic risk to the financial system.

    Crypto / Digital Assets

    Aussie Banks Test Digital Currency Ripple as New Payments Technology

    By Editors | 19/06/2015

    ANZ Bank and Westpac have joined Commonwealth Bank in testing new payments technology from US-based group Ripple Labs, representing a possible transformation of the payments industry.

    Banks Face Tougher Penalties for Offering Incentives to Win Super Fund Business

    By Editors | 16/06/2015

    Banks and industry super funds will face tougher penalties for luring clients into default superannuation funds with incentives.

    New Zealand and Myanmar to join AIIB

    By Editors | 16/06/2015

    New Zealand and Myanmar will be members of the Asian Infrastructure Investment Bank, slated to begin operations later this year.

    RBNZ Proposes Tightening Mortgage Lending

    By Editors | 07/06/2015

    The Reserve Bank of New Zealand (RBNZ) has published a consultation paper about proposed changes in mortgage lending. Consultation is […]

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