All posts tagged "Australia"
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Australia & NZ
Australia to Loosen Fundraising Rules for Mutuals in Bid to Boost Competition
Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.
November 9, 2017 -
AML / KYC
ASIC to Seek 10-year Sentences for Corporate Criminals
Securities regulator says current maximum punishments are not sufficient as they don’t wipe out gains made from illicit activity.
October 25, 2017 -
Australia & NZ
Australia Eyes Provisional Market Access for Aspiring Banks
Restricted ADI licensees would need only $2.35mn in capital to take deposits; APRA paper does not address budget proposal to remove ‘bank’ capital requirements.
August 16, 2017 -
Australia & NZ
APRA Finalises Conglomerate Groups Supervision Framework
The eight conglomerate groups control approximately 80 percent of APRA-regulated institutions’ assets.
August 10, 2016 -
Australia & NZ
APRA Seeks Stronger Powers to Prevent Bank Failures
The Australian Prudential Regulation Authority will seek stronger powers to help it prevent distressed banks from collapsing.
October 24, 2015 -
Australia & NZ
APRA Spotlight on Super Fund Governance, Risk Mgt
The Australian Prudential Regulation Authority is stepping up its attention to superannuation fund governance with increased attention to liquidity management and stress testing.
October 24, 2015 -
Australia & NZ
Australia Govt Responds to Financial System Inquiry
Australia’s Government has announced the release of its response to the Financial System Inquiry, in which it details its acceptance of the overwhelming majority of the Inquiry’s recommendations.
October 21, 2015 -
Australia & NZ
APRA Releases FAQs on Super Fund Governance Consultation
The Australian Prudential Regulation Authority has released a set of FAQs responding to questions raised in relation to its consultation package on super fund governance arrangements.
October 19, 2015 -
Australia & NZ
RBA Designates Payment Systems for Regulatory Review
The Reserve Bank of Australia has announced it has designated a number of card companies under the Payment Systems Act.
October 18, 2015 -
Australia & NZ
Super Funds Oppose Plan for Independent Directors
Union-backed superannuation funds are urging Australia’s prime minister to scrap new legislation which would force them to ensure that one-third of directors including the chairman are independent.
October 16, 2015
