Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
July 1, 2022A House committee says the SEC should introduce a liquidity rule for clearing brokers and FINRA should establish liquidity planning requirements.
June 28, 2022Credit Suisse was added to the FCA's watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.
June 15, 2022The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.
June 15, 2022The CBIRC has also named 43 more shareholders of banks and insurers who it says have violated regulations.
June 7, 2022The guidelines aim to improve systems and mechanisms used by intermediaries to prevent dishonest practices and corruption in securities issuance activities.
June 3, 2022The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.
May 31, 2022Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.
May 30, 2022Some incentive systems used in retail banks' front offices may unintentionally push staff to prioritise business objectives over customer outcomes.
May 26, 2022The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022