AUSTRALIA

ASIC Proposes Register of “Bad Apple” Stockbrokers

By Editors | 02/06/2015

In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.

Australia’s Top Regulators Put Banking Culture and Incentives in the Firing Line

By Editors | 01/06/2015

APRA chairman said banks must lift their efforts to ensure remuneration plans encourage ethical behaviour.

Steps to Cool Property Market Having Positive but Modest Effect, reports RBA

By Editors | 01/06/2015

The Reserve Bank of Australia has reported that its measures to cool investment lending in housing seem to be working.

ASIC Issues Derivative Transaction Rules for Central Clearing of OTC Trade

By Editors | 29/05/2015

The Australian Securities and Investments Commission is seeking industry views on new derivative transaction rules to govern the mandatory central clearing of over-the-counter trade from April next year.

Investment Banks Need Corporate Culture Shift, says ASIC

By Editors | 28/05/2015

ASIC has issued reports to the boards of several investment banks on potential deficiencies in their corporate culture.

Australia’s RBA to Monitor Underground Home Loans

By Editors | 27/05/2015

The Reserve Bank said the use of lending controls on banks can only be pushed so far, warning that it could also drive buyers elsewhere for their loans.

Australian Home Loans Tighten as Regulator Issues Warning

By Editors | 18/05/2015

Australian banks’ lending for investment properties has tightened after regulators cautioned against aggressively funding the sector.

APRA Cautions Banks Against Increased Home Lending

By Editors | 14/05/2015

The Australian Prudential Regulation Authority (APRA) chairman Wayne Byres warns that authorities will step up scrutiny and monitoring of banks that will continue to lend aggressively to the housing sector.

ASIC Calls for Tougher Penalties Against White-Collar Crimes

By Editors | 12/05/2015

Australia’s chief securities regulator wants to introduce tougher criminal penalties for financial crimes so market participants are forced into following the law.