AUSTRALIA

Australia’s Inquiry Chair Warns on Basel Rules

By Editors | 01/04/2014

Australia’s head of the financial systems inquiry David Murray has warned that tough banking capital rules designed for the United States and Europe may be hurting economic growth in Australia.

New Zealand Regulator: New Policies Keep Investors Informed on Unsolicited Offers

By Editors | 27/03/2014

The Financial Markets Authority reported that new regulations are assisting investors to make better informed decisions about unsolicited or low ball offers.

New Zealand Central Bank Seeks Coordination of Monetary and Macro-Prudential Policies

By Editors | 27/03/2014

The Reserve Bank of New Zealand sees a need to strengthen coordination between monetary and macro-prudential policies.

Australia’s Regulator Unveils Report on ‘Corporate Wrongdoing’

By Editors | 21/03/2014

Australian Securities and Investments Commission released a report outlining the penalties for a range of “corporate wrongdoing.”

Australia to Launch Investigation into Foreign Exchange Benchmarks

By Editors | 21/03/2014

The Australian Securities and Investments Commission is preparing to launch an investigation into the potential manipulation of foreign exchange benchmarks by the country’s biggest banks.

Australia’s Capital Regulation Framework Gets ‘Compliant’ Grade from Basel Committee

By Editors | 18/03/2014

The Basel Committee on Banking Supervision said Australia’s capital regulation framework overall was “compliant”.

New Zealand Revises Financial Reporting Requirement

By Editors | 18/03/2014

The Financial Reporting Act, which changes financial reporting obligations for most companies, comes into effect on 1 April 2014.

Australian Securities Regulator Releases Information Sheet on Audit Quality

By Editors | 17/03/2014

The Australian Securities and Investments Commission has released an information sheet that will guide directors and audit committees in enhancing audit quality.

Australia to Implement Reforms in Access Regimes for Credit, Debit Card Systems

By Editors | 07/03/2014

The Payments System Board of the Reserve Bank of Australia has decided in principle to vary the so-called access regimes applying to the designated MasterCard and Visa systems.