AUSTRALIA

Australian Regulator Issues Guide on Residential Mortgage Lending

By Editors | 06/11/2014

The Australian Prudential Regulation Authority has released a guide for banks and other deposit-taking institutions on sound risk management practices for residential mortgage lending.

Australian Banks Ask Inquiry to Consider Costs of Liquidity Rules

By Editors | 06/11/2014

Top officials at Australia’s largest banks are reiterating their calls for the Financial System Inquiry to consider the cost of imposing higher capital requirements on banks to counter systemic risks.

Australian Regulator Issues New Guidelines on Responsible Lending

By Editors | 05/11/2014

Australian Securities and Investments Commission (ASIC) has clarified the role of credit licensees in lending to clients under a new guidelines it published recently.

New Zealand Approves News Regulations for Financial Markets Reform

By Editors | 04/11/2014

New Zealand’s Commerce and Consumer Affairs Minister Paul Goldsmith has confirmed the approval of the second phase of the Financial Markets Conduct Act, which covers additional rules on disclosures and issuance of financial products.

Australian Regulator Seeks Power to Intercept Calls, Data

By Editors | 29/10/2014

The Australian Securities and Investment Commission is lobbying for expanded powers to receive telecommunications data from law enforcement bodies to fight financial crime.

Australia Eyes Real-time Pay Methods

By Editors | 23/10/2014

The Reserve Bank of Australia and the banking industry are looking to change the payment methods in the country to deliver real-time, accessible fund transfers to the community.

Australian Regulator Clarifies Rules for Foreign Firms Offering Securities

By Editors | 14/10/2014

Australian Securities and Investments Commission has issued guidelines for foreign companies making offers of CHESS Depository Interests (CDIs) over their shares and options to investors in Australia.

Making Compliance and Regulation a Competitive Advantage

By Peter Guy | 24/09/2014

Proactive strategies for optimising compliance systems will play a key role in bank business development.

New Zealand Banks Balk at Global Initiative Similar to FATCA

By Editors | 23/09/2014

New Zealand could be an early adopter of the multilateral follow-up to the controversial United States Foreign Account Tax Compliance Act (FATCA), but local banks are raising concern about the readiness of the sector for such initiative.