Australia

Conduct, Culture & Accountability

Strategy, Management, Governance: Lessons from the Hayne Interim Report

By Matthew Chan | 08/10/2018

Institutions, regulators and policymakers across Asia Pacific should take heed of the lessons of Australia’s Royal Commission if they are to avoid similar problems, says Matthew Chan.

Trading & Investment

Chi-X Australia Launches Transferable Custody Receipts in Apple Inc

By Manesh Samtani | 08/10/2018

Deutsche-issued TraCRs represent a new mechanism for Australian investors to gain exposure to overseas listed companies, starting with Apple Inc.

Cloud & Infrastructure

ASIC Signs Fintech Cooperation Agreements with US, Luxembourg

By Editors | 05/10/2018

The US and Luxembourg join a string of international jurisdictions that have agreed to cooperate with ASIC in the development of their fintech and regtech sectors.

Trading & Investment

NZX Signs MoU with Shanghai Stock Exchange

By Editors | 04/10/2018

The NZX board is making a conscious effort to move away from a domestic focused strategy and to develop global links, said its chairman James Miller in a letter to shareholders.

Payments & Settlements

ACCC Opens Inquiry into High Markup Currency Conversion Services

By Editors | 03/10/2018

The inquiry will examine why major companies in Australia, including the big four banks, seem to be able to consistently charge high prices, said ACCC chair Rod Sims.

Supervision & Enforcement

Australian Financial Sector Condemned in Royal Commission Interim Report

By Manesh Samtani | 01/10/2018

The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.

Supervision & Enforcement

AUSTRAC Strengthens Cooperation with FinCEN

By Garima Chitkara | 28/09/2018

Agencies in both countries will share information on terrorist financing and serious financial crime under a regulatory MoU.

Clearing & Post-Trade

ASX Announces JP Morgan Launch of Agency Clearing Service

By Editors | 27/09/2018

Australian-domiciled clients will be able to keep AUD and NZD cleared derivatives within a single clearing house and legal construct, while leveraging local ASX infrastructure.

Payments & Settlements

Australia Consults on Regulatory Framework for Stored Value Facilities

By Garima Chitkara | 26/09/2018

Regulators considering a tiered approach, whereby facilities providers with larger amounts of stored value would be subjected to higher regulatory requirements.