Reserve Bank of Australia

Enforcement

ASIC to Boost Regulatory Reporting Requirements to Deter Misconduct

By Manesh Samtani | 22/07/2018

Deputy chair Peter Kell said ASIC wants increased volume and granularity of data reporting as it seeks to combat misconduct and improve consumer outcomes in financial services.

Market Infrastructure

MAS, HKMA Commit to FX Global Code

By Editors | 30/05/2018

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

Market Infrastructure

New BBSW Calculation Methodology Takes Effect in Australia

By Garima Chitkara | 24/05/2018

Methodology based upon market transactions over longer rate-set window involving a larger number of participants, during most liquid period of bank bills market; manipulation punishable by civil, criminal penalties.

Capital / Liquidity

Financial System Resilient but Concerns Remain – RBA

By JP Reimann | 17/04/2018

Australia’s Financial Stability Review says risks easing, financial system resilient; but dangers remain on household debt, weak risk control and poor culture at banks.

Fintech / Regtech

Australia Launches Real Time Payments Platform

By Manesh Samtani | 14/02/2018

New Payments Platform enables instant transfers between accounts at different financial institutions, at “any time of day, any day of the year.”

Capital / Liquidity

Australian Bank Reacts to Regulatory Clampdown on Consumer Debt

By Editors | 07/07/2017

Move by banking unit of country’s largest financial group to stop mortgages being used for personal use expected to be followed by other lenders.

RBA, BNM Governors to Head FSB’s Asia Consultative Group

By Editors | 12/06/2017

RBA (Reserve Bank of Australia) governor Philip Lowe will from 1 July this year replace Norman Chan, chief executive of […]

Securities / Derivatives

APAC Regulators Welcome Global FX Code

By Samuel Riding | 25/05/2017

Regulators from Australia, Hong Kong, India, Korea and Singapore say they will ‘promote adherence’.

Market Infrastructure

APRA Proposes OTC Margining Substitute Compliance

By Samuel Riding | 10/05/2017

Substitute compliance would encompass 7 jurisdictions including 3 in APAC