Australia

Sanctions

Australia Imposes First Sanctions Against Israelis in West Bank

By Editors | 25/07/2024

Seven Israelis and a youth group were sanctioned for their involvement in violent attacks against Palestinian communities.

Market Infrastructure

ASIC Establishes Special Unit to Examine Valuations in Private Markets

By Ranamita Chakraborty | 25/07/2024

The dedicated unit will address transparency concerns in private markets, aiming to ensure fair practices and investor protection.

Market Infrastructure

Australia Consults on Draft Legislation to Reform Merger Rules

By Sanday Chongo Kabange | 25/07/2024

Treasurer Jim Chalmers said the reforms will make Australia’s merger approval system faster, stronger, simpler, more targeted and more transparent.

Capital / Liquidity

APRA Revises Liquidity Requirements for Smaller Banks

By Manesh Samtani | 24/07/2024

Mutual banks and credit unions will have to value liquid assets on a mark-to-market basis, taking into account unrealised losses.

Enforcement

ASIC Charges Four in Telegram ‘Pump and Dump’ Case

By Sanday Chongo Kabange | 24/07/2024

Four individuals coordinated to select penny stock targets and announced those targets in a public Telegram group named the ‘ASX Pump and Dump Group’.

Fintech / Regtech

APRA Issues Final Version of Digital Prudential Handbook

By Sanday Chongo Kabange | 24/07/2024

The handbook brings together all of APRA’s prudential standards, prudential practice guides and relevant supporting information in one place.

Capital / Liquidity

APRA Requires OnePath Custodians to Pay A$10.7m

By Sanday Chongo Kabange | 23/07/2024

Deputy Chair Margaret Cole said APRA’s patience for entities who are still struggling with foundational issues has “run out”.

ASIC Signs Data Sharing MoU With Information Commissioner

By Sanday Chongo Kabange | 22/07/2024

ASIC and the OAIC will share data and privacy breach information to enable both agencies to perform their functions more effectively.

ESG / Sustainability

New Zealand FMA Issues Draft Disclosure Guidance for CREs

By Sanday Chongo Kabange | 22/07/2024

The guidance describes how climate reporting entities should refer to climate statements in documents such as PDS and annual reports.