Australia

Clearing & Post-Trade

ASIC to Bring Euroclear Under Australian Licensing Regime

By Sanday Chongo Kabange | 29/05/2026

Euroclear has 12 months to apply for a clearing and settlement facility licence after ASIC exercised new powers to bring it under local oversight.

Structural Regulation

Outgoing ASIC Chair Urges Law Reform to Revive Capital Markets

By Editors | 28/05/2026

Departing chair Joe Longo has warned that Australia’s complex regulations are stifling innovation and deterring public listings, calling for fundamental reform.

Anti-Money Laundering

Australian Court Penalises Firms for Ignoring AUSTRAC AML Notices

By Editors | 28/05/2026

Two businesses have been ordered to pay significant penalties after failing to pay infringement notices related to AML/CTF reporting failures.

Operational Risk

Australia Court Fines Westpac A$26 Million for Hardship Notice Failures

By Sanday Chongo Kabange | 28/05/2026

The Federal Court of Australia has penalised Westpac for “grossly negligent” system failures that left vulnerable customers without assistance for years.

Structural Regulation

Australia Finalises Three-Tiered Prudential Framework for Banks

By Sanday Chongo Kabange | 28/05/2026

APRA has formalised a three-tiered framework for banks, creating a new top tier and raising the threshold for 'significant' institutions to enhance proportionality.

Anti-Money Laundering

AUSTRAC Updates Non-Profit Sector Terrorism Financing Risk Indicators

By Sanday Chongo Kabange | 27/05/2026

AUSTRAC has updated its risk assessment for the non-profit sector, detailing new risk signals for financial institutions.

Fraud, Scams & Cybercrime

ASIC Warns of Scammers Using Fake Crypto Trading Platforms

By Editors | 27/05/2026

The regulator has issued an alert about scams luring investors through messaging apps onto fraudulent crypto-asset trading platforms that feign profits.

AI Risk & Governance

Australia and UK Sign Pact on AI Safety and Security

By Editors | 27/05/2026

The agreement establishes a formal partnership to align on research, testing, and governance for frontier AI models, bolstering international cooperation.

Market Abuse

US Exempts Some Foreign Insiders from Transaction Reporting Rules

By Manesh Samtani | 27/05/2026

SEC order grants a conditional exemption for directors and officers of certain foreign private issuers in Australia, India, and Singapore.