The 'CORIE' framework will initially run as an industry pilot programme, consisting of a small number of systemically important FIs.
December 10, 2020Access to Australia's real-time payments system will enable TransferWise to reduce foreign exchange fees and wholesale banking costs.
December 1, 2020The proposed framework includes flexibility to ensure that regulation is able to adapt to innovations such as digital wallet facilities and global stablecoins.
November 11, 2020RBNZ has started reporting its own verified carbon footprint in its annual report, and is working on integrating climate risks into its supervision frameworks.
October 30, 2020According to sources, the guidance was issued to prevent ASX Clear from imposing requirements on NSX with respect to the standards of its listed companies.
October 18, 2020The plan includes the development of a digital identity system, modernisation of business registers, rollout support for the CDR, and regtech/fintech initiatives.
October 2, 2020Replacing CHESS with more modern technology is critical to ASX's ongoing management of systemic risk, said RBA assistant governor Michele Bullock.
October 1, 2020The facility allows banks to swap corporate paper and other asset-backed securities for cash. Banks are offering six-month deferrals on residential mortgage repayments.
March 31, 2020The RBNZ will reduce the required minimum CFR from 75% to 50% to help banks make credit available for mortgage holidays and business finance guarantees.
March 25, 2020The RBA says it stands ready to buy government bonds in the secondary market, while APRA and ASIC are tasked with 'adjusting' regulatory requirements to boost credit availability.
March 17, 2020