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ESG / Sustainability
RBA Warns of ‘Dire Consequences’ from Cyber and Climate Risks
By Mark Johnston | 23/12/2021
The RBA’s Jonathan Kearns said banks need to continue to address evolving risks, as they can morph into systemic risks with potentially dire consequences.
Fintech / Regtech
Australian Regulators Endorse Government Plans for Crypto Sector
By Mark Johnston | 22/12/2021
Australia’s Council of Financial Regulators have endorsed the Treasury’s plan to form a new working group on the regulation of the crypto-ecosystem.
Fintech / Regtech
RBA, CBA, NAB Conclude Project Exploring Wholesale CBDC
By Manesh Samtani | 13/12/2021
The model used in the PoC preserves the current role of banks in the financial system and allows non-bank wholesale market participants to access the CBDC.
Market Infrastructure
ASIC Imposes Licence Conditions on ASX Over 2020 Outage
By Sanday Chongo Kabange | 26/11/2021
ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.
Capital / Liquidity
APRA to Require Banks to Maintain Surplus Self-securitised Assets
By Editors | 21/11/2021
Banks will have to hold 30 percent of their LCR net cash outflows in self-securitised assets as contingency for periods of stress.
Market Infrastructure
RBA to Upgrade IT Infrastructure to Improve Resilience, Lower Costs
By Sanday Chongo Kabange | 18/11/2021
The upgrades are intended to address technical issues in the RBA’s existing infrastructure, some of which is “facing obsolescence” and requires costly maintenance.
AML / KYC
Australia Senate Report Proposes New Crypto Licensing Regime
By Manesh Samtani | 21/10/2021
The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
APRA Postpones Implementation of Updated ARS 720.1
By Ranamita Chakraborty | 21/10/2021
Delaying the commencement will provide ADIs with more time to make transition to the updated standard, APRA said.
ESG / Sustainability
RBA Warns of Divestment Risk Amid Climate Change Threat
By Sanday Chongo Kabange | 19/10/2021
While there are currently only isolated examples of divestment from Australia because of climate risk, the likelihood of more significant divestment is increasing.
Market Infrastructure
RBA Issues Recommendations to Address Risk Issues at ASX
By Editors | 29/09/2021
The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.
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