Australia

Payments & Settlements

RBA: Find Common Ground on Decommissioning BECS

By Sanday Chongo Kabange | 11/03/2025

The RBA found insufficient industry coordination, planning and certainty regarding decommissioning the BECS.

Sustainable Finance

ASFI Granted Authorisation to Engage on Sustainable Finance

By Sanday Chongo Kabange | 11/03/2025

The authorisation allows ASFI and its members to engage in discussions and exchange information in relation to sustainable finance solutions.

Capital Adequacy

New Zealand Banks Call on Lawmakers to Reconsider Capital Rules

By Sanday Chongo Kabange | 11/03/2025

New Zealand’s large banks have asked lawmakers to consider whether the capital rules set by the RBNZ are too onerous.

Fraud, Scams & Cybercrime

Australia Directs ACMA to Implement New Standard to Prevent SMS Scams

By Sanday Chongo Kabange | 11/03/2025

The new standard will require telcos to check whether SMS messages sent using a sender ID correspond with the legitimate registered sender.

Conduct, Culture & Accountability

NZX Proposes to Relax ‘Prescribed Person’ Trading Rules

By Thisanka Siripala | 07/03/2025

NZX proposes to narrow the scope of the obligations to only NZX-quoted securities, addressing concerns that they currently apply too broadly.

Emerging Prudential Risks

APRA Launches Review of Prudential Governance Framework

By Sanday Chongo Kabange | 07/03/2025

APRA proposes a lifetime default tenure limit of 10 years for non-executive directors of banks, insurers, and super funds.

Anti-Money Laundering

AUSTRAC to Expand AI Use in Intelligence, Regulatory Operations

By Thisanka Siripala | 07/03/2025

AUSTRAC is currently developing and piloting uses of AI which will in the future expand usage patterns and domains.

AI Risk & Governance

Australia’s Banking Revolution: Leveraging AI in a Sheltered but Evolving Market

By Bradley Maclean | 06/03/2025

Australia’s near-term trajectory in AI adoption hinges on strategic actions that address existing gaps while positioning the sector for sustainable growth.

Clearing & Post-Trade

ASX Consults on Release 1 of CHESS Replacement Project

By Sanday Chongo Kabange | 06/03/2025

ASX will implement a new FIX Gateway and FIX messaging for trade registration, cancellation, and end-of-day price reporting.