Australia

Structural Regulation

ASIC Says Cut Firms’ Regulatory Costs by $233mn in 2015/16

By Samuel Riding | 27/01/2017

Regulator to spend $46mn on data platform, analytics; add trade reporting data to monitoring platform.

Structural Regulation

ASIC to Revise Market Integrity Rules

By Samuel Riding | 25/01/2017

Consolidation aims to further reduce red tape, streamline rules amendment procedure.

Capital Adequacy

Three Australian Banks Face $4.6bn Capital Shortfall

By Samuel Riding | 18/01/2017

Largest shortfall at Commonwealth Bank; of ‘Big 4’, only ANZ has a capital surplus.

Credit Risk

Australian Banks to Report More Data

By Samuel Riding | 17/01/2017

APRA requirement said to develop data availability for ‘clear presentation of facts’.

Operational Risk

ASIC to Review ASX Risk Management

By Samuel Riding | 22/12/2016

Commission says ASX adhered to procedure during outage, but some areas needs to be enhanced.

Anti-Money Laundering

Financial Planning Sector at Medium ML, TF Risk – AUSTRAC

By Samuel Riding | 22/12/2016

Cyberattacks of increasing sophistication and scale regarded as major threat.

Conduct, Culture & Accountability

Australia to Launch Whistleblower Protection

By Samuel Riding | 21/12/2016

Protection aims to encourage whistleblowers reveal corporate and tax misconduct.

Liquidity Risk

Australia Finalises NSFR Rules

By Samuel Riding | 21/12/2016

Rules cover risk management framework, liquid assets, funding structure.

Emerging Prudential Risks

APRA Defers International Exposures Reporting Deadline

By Samuel Riding | 19/12/2016

Banks will now have until the end of next year to report their data.