During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions.
January 15, 2021The key enforcement proposals relate to consumer rights, the types of firms under scope, and the reach of the new legislation, and the penalties that can be imposed.
October 30, 2020APRA proposes that ADI data related to capital adequacy, liquidity, asset quality, financial statements, and financial performance be determined non-confidential.
September 30, 2020If approved by Parliament, the new comply-or-explain climate risk disclosure regime could come into effect in 2023 at the earliest.
September 16, 2020Non-major banks, building societies and credit unions can delay sharing product reference data until 1 November, but are encouraged to begin sharing this data "if they are in a position to do so".
April 26, 2020APRA, in a letter to the industry, has proposed plans for classifying all data collected from banks for its quarterly publications to be considered non-confidential and publishable.
December 6, 2019APRA is proposing to incorporate more detailed data on residential property exposures and new housing loan approvals in its QPEX statistical publication.
September 25, 2019Credit unions will apply stricter lending calculations for home mortgages starting this week, as the government tries to rein in rapid growth in household debt.
July 22, 2018All banks and credit unions ordered to provide the details on accounts used by 10 existing Japan-North Korea joint ventures, including details on individuals and entities, assets, employees and transaction records.
June 25, 2018FSA to conduct interviews and on-site inspections on all of Japan’s banks and credit unions’ measures to prevent money laundering and illegal remittances.
June 7, 2018