Australia

Crypto / Digital Assets

ASIC Seeks to Require Crypto Firms to Obtain AFS Licence

By Thisanka Siripala | 26/09/2024

Commissioner Alan Kirkland said ASIC is seeking to bring crypto businesses into the existing financial regulatory framework.

Enforcement

Australia to Launch Inquiry Into Collapse of Dixon Advisory

By Thisanka Siripala | 26/09/2024

The inquiry will explore the actions of individuals involved, ASIC’s response, and the implications for the CSLR.

APRA Revises Reporting Requirements for Superannuation Entities

By Thisanka Siripala | 25/09/2024

The revisions will improve transparency on the super funds’ investment costs and trustees’ financial statements data.

Capital / Liquidity

APRA Remakes IRRBB Standard as Stopgap Until Revisions Take Effect

By Thisanka Siripala | 25/09/2024

APRA has remade its existing IRRBB standard so it continues to apply until 1 October 2025, when revisions to the standard take effect.

Enforcement

Australian Court Orders Vanguard to Pay Record Greenwashing Fine

By Sanday Chongo Kabange | 25/09/2024

The court ordered Vanguard to pay A$12.9mn for making false or misleading representations about its ESG exclusionary screens.

ESG / Sustainability

RIAA Launches Investor Toolkit on Nature-related Risks

By ESG Investor | 25/09/2024

The Nature Investor Toolkit, supported by ISS ESG and Pollination, aimes to help investors identify and assess nature-related risks and opportunities.

Fintech / Regtech

NZ Banking Ombudsman Reports Spike in Scam Complaints

By Thisanka Siripala | 24/09/2024

The Ombudsman has called for mandatory codes of practice, a national anti-scam centre, and stronger compensation measures to protect consumers from evolving fraud tactics.

Sanctions

New Zealand Sanctions New Russian and Belarusian Targets

By Editors | 24/09/2024

The sanctions target the Russian SOE operating Ukraine’s Zaporizhzhya nuclear plant and its director general, among others.

Market Infrastructure

ASIC Reviewing Approach to Regulating Market Infrastructure

By Thisanka Siripala | 24/09/2024

ASIC will work with the RBA and industry to develop guidance on the use of its new powers to regulate financial market infrastructure.