Australia

Fintech / Regtech

Getting Your Ducks in a Row for APAC Rules Rewrites

By Priya Kundamal | 19/08/2024

DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

Australia Launches Inquiry to Improve Access to Home Loans

By Ranamita Chakraborty | 16/08/2024

Senator Andrew Bragg said the inquiry will examine bank lending practices and barriers that hinder access to finance for first home buyers.

Fintech / Regtech

APRA Issues Guidance to Address Cyber Control Weaknesses

By Sanday Chongo Kabange | 16/08/2024

APRA has identified issues relating to security in configuration management, privileged access management, and security testing.

AML / KYC

AFCA Calls on Super Funds to Adopt Anti-Scam Measures

By Editors | 15/08/2024

AFCA’s Heather Gray said more sophisticated scam activity is occurring in superannuation, in line with trends in the banking sector.

Fintech / Regtech

ANZ Partners With Microsoft to Launch “AI Immersion Centre”

By Editors | 15/08/2024

ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.

Enforcement

APRA Orders Independent Review of Cbus, BUSSQ Governance

By Sanday Chongo Kabange | 14/08/2024

APRA imposed additional licence conditions to address concerns regarding fitness and propriety processes and fund expenditure management.

Enforcement

ASIC Commences Legal Action Against ASX Over Misleading Statements

By Sanday Chongo Kabange | 14/08/2024

ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.

Fintech / Regtech

Australia Outlines Plan for Revamp of Consumer Data Right

By Manesh Samtani | 13/08/2024

Assistant Treasurer Stephen Jones said the CDR currently costs too much to implement, which has resulted in little takeup.

AML / KYC

Australia AGD Will ‘Shortly’ Publish Anti-Foreign Bribery Guidance

By Manesh Samtani | 11/08/2024

The guidance will help firms prepare for reforms that introduce ‘failure to prevent foreign bribery’ a new corporate offence from 8 September.