AUSTRALIA

Global Regulation and Performance Demands Are Driving Pension Policy Reform

By Peter Guy | 13/02/2015

Pension funds are bigger than many banks but only now are regulations catching up.

Australian Banks Defend Corporate Tax Practices in Senate Inquiry

By Editors | 10/02/2015

Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.

Australian Banks Hit by Alleged Home Loan Scam

By Editors | 06/01/2015

Two men have been charged with defrauding Australia’s biggest banks in an alleged A$110 million home loan scam, raising questions over the internal controls of some of the country’s top lenders.

New Zealand’s FMA to Focus on Governance in Future Regulations

By Editors | 23/12/2014

The Financial Markets Authority cited governance and culture, and issues around conflicts of interest among areas it will apply much of its regulatory effort in the medium-term.

Australian Regulator Steps Up Monitoring of Banks’ Property Lending

By Editors | 09/12/2014

Australia’s prudential regulator has installed new guidelines for banks’ lending to the property sector to address risks in the country’s housing market.

Australian Banks Need to Set Aside More Capital, Says Murray report

By Editors | 08/12/2014

Australian banks may have to hold more capital to ensure it can survive future financial crises, according to the Financial System Inquiry report.

Australia Promotes Digitization, New Media to Engage Investors

By Editors | 28/11/2014

Australian Securities and Investments Commission said it aims to develop innovative, digital financial product disclosures as part of a broader program to use new media to engage investors.

Cyber Crime a Growing Focus for Regulators, Says ASIC’s Medcraft

By Editors | 26/11/2014

Australian Securities and Investments Commission chair Greg Medcraft said the threat of cyber crime was a growing focus for regulators around the world, and it had become a “fact of life” in the financial markets that it regulates.

China Allows Launch of RMB Clearing Service in Australia

By Editors | 19/11/2014

China has allowed Australia to clear renminbi trades in a bid to boost increased economic cooperation between the two countries.