Australia

Market Abuse

New Zealand Regulator Flags Market Misconduct

By Garima Chitkara | 22/02/2018

Report outlines enforcement actions on market manipulation against Milford Asset Management trader, investigation into trading at Goldman Sachs, other cases of misconduct.

Capital Adequacy

APRA Capital Framework Revisions Credit Positive for Banks – Moody’s

By Editors | 20/02/2018

Higher risk weightings for higher-risk residential mortgages will improve the alignment of capital to risk and better reflect their sensitivity to economic cycles, says Moody’s.

Market Abuse

Australian Sell-side Research Rules Threaten IPO Bonanza

By Bradley Maclean | 19/02/2018

Guidance on sell-side research could disappoint investment bankers who expected a strong year for new listings.

Structural Regulation

ASIC Publishes Credit Rating Agency Review

By Garima Chitkara | 18/02/2018

Credit ratings agencies found lacking on compliance testing and board reporting.

Conduct, Culture & Accountability

Australia Creates New Financial Complaints Body

By Editors | 16/02/2018

New body merges three existing complaints authorities; will streamline complaints process and quicken dispute resolution for customers.

Capital Adequacy

Australia Proposes Bank Capital Framework Revisions

By Samuel Riding | 14/02/2018

APRA does not expect new rules to extend banks’ capital requirements beyond ‘unquestionably strong’ level set out last July.

Payments & Settlements

Australia Launches Real Time Payments Platform

By Manesh Samtani | 14/02/2018

New Payments Platform enables instant transfers between accounts at different financial institutions, at “any time of day, any day of the year.”

Data Privacy

Australia Details Regulatory Framework for Open Banking

By Manesh Samtani | 13/02/2018

The government has unveiled its final report on its review on open banking, detailing 50 recommendations on implementing the new data-sharing regime.

Anti-Money Laundering

IMF, ADB, Aus, NZ Seek Lower Cost Remittances for the Pacific

By Editors | 11/02/2018

Possible solutions include enhancing AML/CFT controls at banks, promoting best practices at money transfer operators, improving information sharing by supervisory authorities.