Australia

Clearing & Post-Trade

SWIFT Sees Growing ISO 20022 Adoption in Asia Pacific

By Manesh Samtani | 03/04/2019

SWIFT has released a new report on the state of adoption of the ISO 20022 financial messaging standard among Asia Pacific securities market infrastructures.

Anti-Money Laundering

FMA Monitoring Report Reveals Multiple AML/CFT Deficiencies

By Editors | 02/04/2019

New Zealand’s Financial Markets Authority has released a report highlighting failures in reporting entities’ AML/CFT programmes, risk assessments and customer due diligence.

Sustainable Finance

Australian Financial Sector Teams Up on Climate Initiative – Report

By Editors | 30/03/2019

Overseen by APRA, a group of industry players – including the big four banks – are looking to reshape the financial system to ensure readiness for climate risks.

Conduct, Culture & Accountability

ASIC ‘Ready to Prosecute’ Underperforming Super Funds

By Editors | 30/03/2019

Australian regulators are trying to force an estimated 100 small and poor performing super funds out of the system using criteria devised by the Productivity Commission.

AI Risk & Governance

Banks Not Using Latest RegTech Solutions Must Explain Why – ASIC

By Editors | 29/03/2019

ASIC reportedly plans to force banks to explain why they aren’t using the latest technology to improve regulatory compliance, including systems offered by regtech startups.

Conduct, Culture & Accountability

APRA May Intervene to Shift Bank Remuneration Practices

By Editors | 28/03/2019

APRA chairman Wayne Byres says banks could lose their power to set executive pay if they are not more proactive about changing remuneration practices.

Credit Risk

CFTC Approves Margin Comparability Determination for Australia

By Editors | 28/03/2019

Despite some differences between its own rules and Australia’s regime for uncleared swaps margining, the CFTC has determined that the end result is the same.

Cybersecurity

APRA Proposes Updated Guidance on Information Security

By Editors | 27/03/2019

APRA is seeking feedback on updated guidance which will help the industry embed the new prudential standard on information security in July.

Cloud & Infrastructure

Singapore, Australia Fintech Bodies Agree to Collaborate

By Editors | 26/03/2019

FinTech Australia and the Singapore Fintech Association have agreed to collaborate on fintech initiatives across ASEAN and Australia. The MoU was signed at Money20/20 in Singapore last week.