Australia

Conduct, Culture & Accountability

Big Aussie Banks Refuse to Contribute to Compensation Fund

By Editors | 17/08/2015

The big bank lobby is refusing to fund a “last resort” compensation fund for victims of financial planners that go bust, arguing that smaller companies should fund it themselves.

Capital Adequacy

APRA Updates Guidelines on the Use of Restricted Banking Terms

By Editors | 17/08/2015

The Australian Prudential Regulation Authority has released updated guidelines in relation to the use of restricted terms in banking services.

Conduct, Culture & Accountability

Australia Clamps Down on Excessive Private Equity Fees

By Editors | 06/08/2015

The Australian Securities and Investments Commission is being urged to crack down on the disclosure of fees by private equity firms amid fears local super funds and investors are being overcharged.

Credit Risk

Australia’s AMP Bank Halts New Loans for Property Investors

By Editors | 03/08/2015

New applications halted with immediate effect, following a regulatory push to slow down such lending.

Capital Adequacy

Changes to Securitisation Structures May Hit Smaller Aussie Lenders Harder

By Editors | 01/08/2015

The Australian Prudential Regulation Authority may end up shutting smaller lenders out of their main funding source with its toughened stance on securitised loans.

Structural Regulation

Australian Government to Audit ASIC

By Editors | 27/07/2015

Australia’s government will conduct the first full-scale audit of the Australian Securities and Investments Commission (ASIC) in 17 years, laying the groundwork for a major overhaul in how the corporate watchdog is funded and operated.

Emerging Prudential Risks

New Zealand Central Bank Consults on Efficiency of Regulatory Regime

By Editors | 24/07/2015

The Reserve Bank of New Zealand is proposing changes to its regulatory requirements in a bid to improve the efficiency of bank supervision and reduce banks’ costs.

Capital Adequacy

Aussie Banks Required to Hold More Capital against Mortgages

By Editors | 21/07/2015

The Australian Prudential Regulation Authority has increased the average risk weights for Australian residential mortgage exposures from 16 percent to 25 percent.

Capital Adequacy

Australian Banks Make Progress on Capital-Raising

By Editors | 18/07/2015

Major Australian banks have been preparing for higher capital requirements, with National Australia Bank (NAB) now possessing the sector’s highest capital ratio.