Australia

Market Abuse

Westpac, ANZ Submit to Forex Trading Supervision

By Samuel Riding | 20/03/2017

Banks will be under third-party supervision as they fix ‘systems, control and monitoring’.

Clearing & Post-Trade

Australian Regulators Issue Equity Settlement Consultation

By Samuel Riding | 10/03/2017

Paper seeks comment on potential risks from 3 possible models for competition.

Conduct, Culture & Accountability

Australian Banks Failing to Meet Unfair Contract Terms

By Samuel Riding | 10/03/2017

ASIC deputy chair says it is considering ‘all regulatory options’.

Anti-Money Laundering

AUSTRAC Flags AML/CTF Compliance Weaknesses

By Samuel Riding | 09/03/2017

Centre identifies failures in risk assessments, outsourcing and governance.

Capital Adequacy

New Zealand to Review Bank Capital Framework

By Samuel Riding | 08/03/2017

Review to consider definition of capital, risk measurement, minimum capital and buffers.

Supervision & Enforcement

ASIC Issues 2H16 Enforcement Report

By Samuel Riding | 08/03/2017

Regulator cites tackling ‘ailing confidence in market based system’ as a priority.

Credit Risk

Australia Delays Counterparty Credit Risk Reporting to 2019

By Samuel Riding | 06/03/2017

Some requirements on capital risk calculation and reporting had been due in January next year.

Anti-Money Laundering

Australia Launches Public-Private AML/CTF Group

By Samuel Riding | 06/03/2017

Fintel Alliance studying Panama Papers, investigating money laundering ‘mules’; to develop training course.

Conduct, Culture & Accountability

1,100 Staff Breach Conduct Code at Australian Bank

By Samuel Riding | 03/03/2017

2 senior managers dismissed and 3 disciplined for breaches.