Australia

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.

Australia Seeks Industry Views on Managed Investment Schemes

By Editors | 07/03/2014

The Corporations and Markets Advisory Committee has released a discussion paper on managed investment schemes.

Australian Regulator Eases Compliance on Internet Securities Offers

By Editors | 04/03/2014

The Australian Securities and Investments Commission has released new guidelines on compliance requirements for businesses making securities offers via the internet.

New Zealand to Allow Crowd Funding from April

By Editors | 04/03/2014

The Cabinet has given its seal of approval to new crowd-funding rules which will come into effect next month.

Australia signs Bilateral Local Currency Swap Agreement with the Bank of Korea

By Editors | 25/02/2014

The Reserve Bank of Australia signed a bilateral local currency swap agreement with the Bank of Korea, allowing for the exchange of local currencies between the banks even in times of financial stress.