Australia

Emerging Prudential Risks

Australian Prudential Regulator Seeks More Flexibility in Regulatory Function

By Editors | 07/04/2014

The Australian Prudential Regulation Authority seeks increased independence from the government or parliament to effectively regulate the banking, superannuation and life insurance industries.

Anti-Money Laundering

Australian Banks Seek to Widen Money Laundering Net

By Editors | 03/04/2014

Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.

Structural Regulation

New Zealand Marks New Era for Financial Markets

By Editors | 01/04/2014

Commerce Minister Craig Foss is welcoming a new era for New Zealand’s financial markets as the Financial Markets Conduct Act comes into force today.

Capital Adequacy

Australia’s Inquiry Chair Warns on Basel Rules

By Editors | 01/04/2014

Australia’s head of the financial systems inquiry David Murray has warned that tough banking capital rules designed for the United States and Europe may be hurting economic growth in Australia.

Conduct, Culture & Accountability

New Zealand Regulator: New Policies Keep Investors Informed on Unsolicited Offers

By Editors | 27/03/2014

The Financial Markets Authority reported that new regulations are assisting investors to make better informed decisions about unsolicited or low ball offers.

Emerging Prudential Risks

New Zealand Central Bank Seeks Coordination of Monetary and Macro-Prudential Policies

By Editors | 27/03/2014

The Reserve Bank of New Zealand sees a need to strengthen coordination between monetary and macro-prudential policies.

Supervision & Enforcement

Australia’s Regulator Unveils Report on ‘Corporate Wrongdoing’

By Editors | 21/03/2014

Australian Securities and Investments Commission released a report outlining the penalties for a range of “corporate wrongdoing.”

Market Abuse

Australia to Launch Investigation into Foreign Exchange Benchmarks

By Editors | 21/03/2014

The Australian Securities and Investments Commission is preparing to launch an investigation into the potential manipulation of foreign exchange benchmarks by the country’s biggest banks.

Capital Adequacy

Australia’s Capital Regulation Framework Gets ‘Compliant’ Grade from Basel Committee

By Editors | 18/03/2014

The Basel Committee on Banking Supervision said Australia’s capital regulation framework overall was “compliant”.