AUSTRALIA

Australia Regulators Push to Allow Super Funds to Pledge Assets as Collateral

By Editors | 12/07/2015

The Australian Investments & Securities Commission is pushing to reform laws to allow super funds to pledge their assets as collateral, in a bid to help them reduce dealing costs associated with currency hedging.

Banks Uncooperative in Australia Rate-Setting Probe

By Editors | 11/07/2015

The Australian Securities and Investments Commission says banks have been slow in providing information on possible manipulation of Australia’s interest-rate benchmark.

Australian P2P Lenders Want More Regulation

By Editors | 10/07/2015

Peer-to-peer lenders say that lack of supervision is their biggest threat to the P2P lending industry.

APRA Warns Banks of Cloud Computing Risks

By Editors | 08/07/2015

The Australian Prudential Regulation Authority has highlighted new risks being created as the banking industry makes greater use of cloud computing to cut costs and compete with technology-based rivals.

New Zealand Consults on Risk Indicators for Managed Funds

By Editors | 08/07/2015

New Zealand’s Financial Markets Authority has issued a consultation paper on risk indicators and descriptions of managed funds.

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.