APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.
April 11, 2022The consultation proposes minimum standards of conduct, AML compliance obligations, and fit and proper requirements for directors and key persons.
March 22, 2022After the incident on Thursday, ASIC said it views the outage with "significant concern" due to its "significant impact" on the market, market participants and investors.
March 18, 2022The RBA's Philip Lowe, ASIC's Joe Longo and APRA's Wayne Byres are calling additional regulation to protect consumers from risks associated with the crypto sector.
March 18, 2022Senator Andrew Bragg said the government should hire experts to permanently work on crypto regulation within a dedicated unit of Treasury.
March 15, 2022The government has asked the Council of Financial Regulators to bring forward an investigation into whether lenders are implementing the new lending rules as intended.
January 21, 2022The RBA's Jonathan Kearns said banks need to continue to address evolving risks, as they can morph into systemic risks with potentially dire consequences.
December 23, 2021Australia's Council of Financial Regulators have endorsed the Treasury's plan to form a new working group on the regulation of the crypto-ecosystem.
December 23, 2021Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.
November 16, 2021APRA has defined certain credit measures it can take to address systemic risks if needed, such as temporary lending limits and minimum lending standards.
November 12, 2021