Australia

Capital / Liquidity

RBNZ Publishes Stress Test Results for Insurers

By Sanday Chongo Kabange | 07/05/2025

RBNZ said policyholder claims would be met in the “seismic” scenario that was tested, demonstrating the resilience that is built into the system.

Enforcement

ASIC Imposes Additional Licence Conditions on Macquarie

By Sanday Chongo Kabange | 07/05/2025

ASIC cited failures in Macquarie Bank’s futures dealing business and OTC derivatives trade reporting functions.

Fintech / Regtech

ASIC Launches New Digital Portal for AFS Licensees

By Sanday Chongo Kabange | 06/05/2025

The new portal will streamline the way AFS licensees submit applications and make notifications to ASIC.

Big Picture

RBNZ Report Assesses Impact of AI on Financial Stability

By Sanday Chongo Kabange | 06/05/2025

RBNZ’s Kerry Watt said AI’s impact could be positive, especially in enhancing resilience, but it could also introduce or amplify vulnerabilities

AML / KYC

The Skinny on Scams: Australia, Hong Kong, and Singapore Focus on Financial Deception

By Nathan Lynch | 06/05/2025

Nathan Lynch explores the lessons from the different approaches to managing the sophistication and scale of the burgeoning “scam industry”.

Securities / Derivatives

ASX Proposes Changes to CDI Depositary Nominee Rules

By Editors | 05/05/2025

The proposed amendments update the legal framework for Depositary Nominee services provided in respect of CHESS Depositary Interests.

Enforcement

NZ High Court Orders Westpac to Pay Penalty for Misleading Customers

By Sanday Chongo Kabange | 03/05/2025

Westpac was fined for failing to deliver contractually agreed discounts to over 20,000 customers, a breach of the FMCA’s fair dealing provisions.

Capital / Liquidity

RBNZ Outlines Path Ahead for Deposit Taker Regulations

By Manesh Samtani | 02/05/2025

RBNZ details next steps for new deposit taker rules, including liquidity, disclosure, and depositor compensation. Decisions on capital rules will come later.

Crypto / Digital Assets

Australia NASC Reports Surge in Phishing Scams, Financial Losses

By Sanday Chongo Kabange | 02/05/2025

The NASC has recorded an increase in phishing scams, resulting in losses of AUD 11.1 million from 1 January to 23 March this year.