Australia

Clearing & Post-Trade

Australia Clearing Competition Unlikely to Emerge

By Samuel Riding | 08/04/2016

Nod to opening up cash equities clearing masks real opportunities in last week’s Treasury announcement.

Market Abuse

ASIC Starts Civil Case Against Westpac for BBSW Manipulation

By Samuel Riding | 06/04/2016

Securities regulator instigates case for ‘unconscionable conduct and market manipulation’.

Liquidity Risk

APRA Issues Funding Ratio Consultation

By Samuel Riding | 31/03/2016

Australia set to follow Basel timetable and implement Net Stable Funding Ratio by January 2018.

Structural Regulation

Australia to Liberalise Exchange Ownership Rules

By Samuel Riding | 30/03/2016

Treasury also backs proposal to allow competition in equities clearing.

Capital Adequacy

APRA Delays Capital Requirements for Conglomerates

By Samuel Riding | 30/03/2016

Regulator says deferral to remain in place until other policy initiatives are settled.

Anti-Money Laundering

Australia Set to Bring Bitcoin Under AML/CTF Law

By Samuel Riding | 22/03/2016

Government’s recommends virtual currency be recognised as money under tax legislation.

AI Risk & Governance

ASIC Issues Robo-advice Consultation

By Samuel Riding | 22/03/2016

Consultation paper and draft regulatory guide cover licensing and advice to retail clients.

Credit Risk

APRA to Investigate Mortgage Rule Breaches

By Samuel Riding | 21/03/2016

Australian banking regulator will look into whether borrowers are circumventing tightened lending policies.

Market Abuse

ASIC Begins Legal Proceedings against ANZ in Rate-rigging Case

By Samuel Riding | 04/03/2016

Regulator alleges bank sought to benefit from movements in bill swap reference rate.