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Rising Asset Prices May Risk Financial Stability: RBA
By Sanday Chongo Kabange | 18/04/2021
A correction in asset prices, if borrowers’ income were to fall and so they defaulted on debt repayments, could expose lenders to large losses.
RBA Makes Plea for Banks to Ease Approach to SME Lending
By Sanday Chongo Kabange | 21/03/2021
The RBA’s Christopher Kent says banks have tightened lending standards for SMEs, charging them more and imposing more restrictive terms on their loans.
Market Infrastructure
RBA Keeping ‘Close Eye’ on LIBOR Transition Progress
By Manesh Samtani | 18/03/2021
Firms should not wait for a term RFR or credit-spread adjustments to reference in non-derivatives products, says RBA assistant governor Christopher Kent.
Enforcement
ACCC Accepts Visa Commitment to Address Competition Concerns
By Editors | 11/03/2021
Visa is legally bound to ensuring that merchants will not pay higher processing costs if they process debit card payments through eftpos rather than the Visa network.
RBA Unexpectedly Announces Extension of QE Programme
By Editors | 03/02/2021
The RBA’s first-ever quantitative easing programme was due to expire in mid-April. It will now be extended until at least October.
RBA Report Contradicts Official Stance on Responsible Lending Laws
By Editors | 21/01/2021
An RBA internal report indicates that the absence of responsible lending laws could put borrowers at greater risk, particularly in a low interest rate environment.
Capital / Liquidity
APRA Announced Further Reduction in Committed Liquidity Facility
By Editors | 06/01/2021
If outstanding government securities continue to increase beyond 2021, the CLF may no longer be required in the foreseeable future, APRA says.
Market Infrastructure
ASIC Probes Market Participants for Possible Best Execution Failures
By Manesh Samtani | 21/12/2020
ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX’s November outage, as would be expected given participants’ best execution duty to clients.
Fintech / Regtech
Australia’s Domestic Payment Organisations Propose to Amalgamate
By Editors | 17/12/2020
Australia’s eftpos, BPAY Group and NPPA will be preserved as distinct operations under a single Board with a shared roadmap for innovation and investment.
Market Infrastructure
Australian Regulators Launch Cyber Resilience Testing Framework
By Manesh Samtani | 09/12/2020
The ‘CORIE’ framework will initially run as an industry pilot programme, consisting of a small number of systemically important FIs.
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