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Capital / Liquidity
Banks Sufficiently Capitalised to Pay Dividend, says RBA Governor
By Manesh Samtani | 22/04/2020
Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.
Market Infrastructure
ASIC, APRA Offer Best Practice Recommendations on LIBOR Transition
By Editors | 08/04/2020
ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.
APRA, RBA Announce Changes to Financial Firms’ Reporting Obligations
By Editors | 02/04/2020
The agencies are standardising quarterly reporting due dates, deferring two reporting initiatives, and introducing a new reporting standard for SME lending.
Market Infrastructure
Fed Establishes Repo Facility to Ease USD Funding Stress
By Editors | 31/03/2020
Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.
Capital / Liquidity
APRA Defers Basel III Capital Reforms by One Year
By Editors | 30/03/2020
The move will allow ADIs to dedicate time and resources to maintaining their operations and supporting customers, APRA says.
Australia: Super Funds Seek Liquidity Backstop Facility
By Editors | 27/03/2020
The government will allow individuals in financial stress to access superannuation savings, but may have underestimated the ability of super funds to meet withdrawals.
Market Infrastructure
Australia Unveils Stage Two Economic Package Worth A$66.1b
By Editors | 23/03/2020
Including the new package, a total A$189bn is being injected into the economy by ‘all arms of the government’ to ‘help build a bridge to recovery’.
Capital / Liquidity
RBNZ Announces Bond Buying Programme, Other Measures
By Editors | 22/03/2020
The latest measures include a NZ$30bn bond-buying programme, a new term lending facility for banks, and additional liquidity to support funding markets.
Australia Adjusts Regulatory Settings on Responsible Lending
By Editors | 22/03/2020
Six-month exemptions from responsible lending obligations are available to lenders that provide credit to existing small business customers.
APRA, RBA Ask Financial Firms to Continue Parallel Reporting of EFS data
By Editors | 20/03/2020
The agencies explain that they wish to ensure a consistent data source for March and June 2020, in order to capture the impact of the coronavirus.
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