Reserve Bank of Australia

Market Infrastructure

ASIC ‘Well-Placed’ to Manage Impacts of No-Deal Brexit

By Editors | 08/02/2019

ASIC says it is carefully monitoring developments and has been liaising closely with UK and Australian authorities to plan for potential Brexit-related impacts.

Enforcement

RBA Discloses A$22.6m in Penalties Paid by its Subsidiaries in 2012

By Manesh Samtani | 29/11/2018

The court-suppressed penalties were paid by the RBA subsidiaries to settle charges of conspiracy to bribe foreign officials for the purpose of obtaining or retaining business.

Enforcement

Restoring Trust in Financial Sector Essential for Economic Prosperity – RBA

By Manesh Samtani | 23/11/2018

Strengthening trust in Australia’s financial institutions requires better incentive systems, clearer lines of accountability and stronger penalties for misconduct, said RBA governor Philip Lowe.

Capital / Liquidity

Changes to Address Bad Behaviour at Banks Will Improve Resilience – RBA

By Manesh Samtani | 30/10/2018

Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.

Market Infrastructure

Delivering Value from OTC Derivatives Repository Data

By Oliver Williams | 29/10/2018

DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia’s regulators and institutions seek even greater transparency of OTC derivatives markets.

Crypto / Digital Assets

Sibos: New Digital Economy Places Customer Needs in Focus

By Matthew Chan | 25/10/2018

As Australia’s banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.

Market Infrastructure

Market Needs to Do More to Prepare for End of LIBOR – ASIC, RBA

By Garima Chitkara | 24/10/2018

Participants need to be clear that the LIBOR will end after 2021 and prepare to deal with the challenges this presents, Australian regulators said at the ISDA Annual Australia Conference.

Market Infrastructure

ASIC Details Areas for Improvements in ASX Governance

By Editors | 18/09/2018

The ASX Group has undertaken an extensive work programme aimed at improving technology governance and operational risk management.

Market Infrastructure

Major Banks Slow to Adopt New Payments Platform – RBA

By Garima Chitkara | 24/08/2018

RBA governor says major banks are slow to adopt NPP, Australia’s new real-time settlement system; however, banks have begun to speed up the uptake process, the assistant governor said.