AUSTRALIA

Fintech / Regtech

Australia Launches Cyber Resilience Service for Small Businesses

By Thisanka Siripala | 24/10/2024

The service, operated by IDCARE, will offer one‑on‑one assistance to help small businesses navigate cyber challenges and bolster their cyber resilience.

Enforcement

APRA to Intensify Scrutiny of Super Fund Expenditures

By Thisanka Siripala | 24/10/2024

RSE licensees will have to demonstrate how they determine that expenditures are in members’ best interests and how they are related to enhancing performance.

Fintech / Regtech

Australia DTA Releases Results of GenAI Trials in Government

By Sanday Chongo Kabange | 24/10/2024

The DTA says the insights obtained from the trial will inform the ongoing safe and responsible adoption of GenAI across the Australian public service.

Fintech / Regtech

Australia Publishes New AI Guidance Addressing Privacy Compliance

By Editors | 22/10/2024

The guidance includes information for developers that use personal information to train generative AI models.

APRA Publishes Template for Reporting Material Service Providers

By Editors | 22/10/2024

Regulated entities will use the template to provide their MSP register to APRA on an annual basis, as required by the new CPS 230 standard.

ESG / Sustainability

CME Group Launches Trading in ACCU Futures on NYMEX

By Editors | 22/10/2024

CME Group’s Peter Keavey said the CBL ACCU futures contract was launched to help firms manage the risks associated with carbon reduction strategies.

Market Infrastructure

DSB Says Australia, Singapore Ready for UPI Reporting

By Editors | 18/10/2024

Australia and Singapore will go live with UPI reporting requirements for OTC derivatives transactions starting from 21 October.

AML / KYC

Australian Super Fund Body Launches Financial Crime Protection Initiative

By Thisanka Siripala | 29/09/2024

The ASFA initiative aims to enhance collaboration between super funds and service providers to combat cybercrime and fraud.

Australian Treasurer Makes First Official China Visit in 7 Years

By Thisanka Siripala | 28/09/2024

Discussions focused on strengthening ties with a focus on trade, investment, decarbonisation, and reducing the regulatory burden on businesses.