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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.
New Zealand to Update Outsourcing Policy for Banks
By Editors | 28/08/2015
The Reserve Bank of New Zealand has released a consultation paper with proposals to update its outsourcing policy for banks.
ASIC Issues Third Report on Corporate Finance Regulation
By Editors | 24/08/2015
The Australia Securities and Investment Commission has published its third report detailing the approach it takes to the regulation of corporate finance issues.
New Mortgage Lending Rules to Take Effect in New Zealand
By Editors | 24/08/2015
The Reserve Bank of New Zealand has published its final policy positions for changes to Loan-to-Value Ratio restriction rules, requiring a 30 percent deposit from Auckland rental property investors to secure mortgages.
ASIC Cracks Down on Interest-Only Mortgages
By Editors | 23/08/2015
The Australian Securities and Investment Commission has asked lenders to lift their standards for interest-only mortgages, after a probe found that lending criteria do not meet their responsible lending obligations.
ASX Exempted from CFTC Registration for OTC Clearing, KRX Under Consideration
By Editors | 21/08/2015
CFTC issues its first-ever order of exemption from registration as a derivatives clearing organisation to ASX Clear, and is now considering the same for KRX.
ASIC Proposes Warrants and ETFs on Chi-X
By Editors | 20/08/2015
The Australian Securities and Investments Commission has proposed changes to its market integrity rules which would allow stock market operator Chi-X Australia to start quoting and trading warrants and exchange traded funds.
Aussie Major Westpac Bank Tightens Interest-Only Credit Policies
By Editors | 18/08/2015
Westpac is tightening credit policies for interest-only mortgages, an area where financial regulators have raised concerns about bank underwriting standards.
Big Aussie Banks Refuse to Contribute to Compensation Fund
By Editors | 17/08/2015
The big bank lobby is refusing to fund a “last resort” compensation fund for victims of financial planners that go bust, arguing that smaller companies should fund it themselves.
APRA Updates Guidelines on the Use of Restricted Banking Terms
By Editors | 17/08/2015
The Australian Prudential Regulation Authority has released updated guidelines in relation to the use of restricted terms in banking services.
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