Australia

Capital Adequacy

Basel Committee Publishes Follow-up Reports on Basel III Implementation

By Manesh Samtani | 13/03/2018

The Committee also published an assessment handbook and self-assessment questionnaire to help member jurisdictions prepare for future RCAP assessments.

Credit Risk

Credit Reporting Regime Must Be Fair: ABA

By Editors | 09/03/2018

Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.

Trading & Investment

SGX, NZX Sign MoU on Market Development, Information Exchange

By Garima Chitkara | 08/03/2018

MoU aimed at promoting market development initiatives in Asia Pacific region, including for derivatives, secondary listings and ETFs.

Cybersecurity

APRA Takes Aim at Cyber Attacks with New Proposed Standard

By Garima Chitkara | 08/03/2018

New measures would require firms to have clearly defined information-security related roles, capabilities and controls to boost their ability to repel cyber criminals and respond to breaches effectively.

Structural Regulation

ASIC Consults on Oversight of New Financial Complaints Body

By Editors | 06/03/2018

The regulator seeks feedback on whether firms need transitional relief from dispute resolution disclosure obligations in the lead up to the new body’s commencement in November.

Credit Risk

APRA Mulls Removal of Mortgage Lending Cap

By Editors | 06/03/2018

Removing the 10 percent growth cap would enable banks to increase mortgage lending, ease mortgage rates for investors and boost competition in the sector.

Emerging Prudential Risks

RBNZ Focused on Public Disclosure Regime

By Garima Chitkara | 03/03/2018

Reserve Bank of New Zealand is working to improve its disclosure regime to uphold three regulatory pillars: self-discipline, market discipline and regulatory discipline.

Structural Regulation

Australia to Develop Fintech Code of Conduct

By Editors | 02/03/2018

The code of conduct will cover transparency and disclosure for fintech balance sheet lenders offering unsecured business loans.

Anti-Money Laundering

CBA Defends Against Regulators’ Allegations

By Manesh Samtani | 01/03/2018

The bank says its employees did not adversely impact the BBSW as ASIC claims, denies AUSTRAC allegations of systemic AML noncompliance.