If outstanding government securities continue to increase beyond 2021, the CLF may no longer be required in the foreseeable future, APRA says.
January 7, 2021ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX's November outage, as would be expected given participants' best execution duty to clients.
December 22, 2020Australia's eftpos, BPAY Group and NPPA will be preserved as distinct operations under a single Board with a shared roadmap for innovation and investment.
December 18, 2020The '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 Better Practice Guide was developed by industry practitioners with APRA and ASIC serving as vocal observers and EY and KPMG providing secretariat support.
November 29, 2020Initially planned to be achieved through a gradual increase until 2024, the RBA said banks can increase their holdings of HQLA to 30 percent by end-2021.
November 26, 2020Based on market feedback, the implementation date of the changes for most of the standards has been moved forward three months to the reporting period ending 30 September 2021.
November 25, 2020Five banks applied for a reduction, reducing the aggregate CLF allocated to banks from A$223bn at 1 January 2020 to A$188 billion.
November 6, 2020The official cash rate is expected to remain at 0.1 for three years. The RBA will also buy A$100bn of government bonds over the next six months.
November 4, 2020