Australia

ESG / Sustainability

Super Funds Urged to Ensure Accurate Sustainable Finance Disclosures

By Mark Johnston | 21/10/2023

At a roundtable, APRA and ASIC asked super fund trustees to prepare for mandatory climate-related financial disclosure requirements.

Enforcement

ASIC Bans Former PwC Partner Peter-John Collins for Eight Years

By Editors | 21/10/2023

ASIC said Peter-John Collins is “not a fit and proper person” and that preventing him from working in the financial services industry was “in the public interest”.

Capital / Liquidity

RBNZ to Amend ESAS Access Policy, Eligibility Criteria

By Editors | 20/10/2023

RBNZ consultation revealed “considerable demand” for access to ESAS by non-banks for payments and settlements, access to HQLA, and interest income.

ASIC Tweaks Reportable Situations Regime to Reduce Industry Burden

By Mark Johnston | 20/10/2023

Certain breaches will no longer be automatically reportable if they meet certain criteria, like if they impact only one person or don’t cause any financial loss or damage.

Capital / Liquidity

APRA Calls for Improvements in Credit Risk Provisioning Practices

By Sanday Chongo Kabange | 19/10/2023

Judgment-based adjustments to address model and data limitations should be supported by appropriately documented analysis and robust controls and governance.

Market Infrastructure

ASIC Warns Firms of Third-Party Cyber Risk

By Mark Johnston | 19/10/2023

44 percent of respondents to an ASIC survey indicated that they did not manage third-party or supply chain risk.

Sanctions

US & Allies Reimpose Iran Sanctions Following UNSCR Expiry

By Manesh Samtani | 19/10/2023

A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.

Crypto / Digital Assets

ASIC Chair Stresses Need for Strong Regulation in Crypto

By Mark Johnston | 18/10/2023

ASIC chair Joe Longo was speaking hours after the launch of a new consultation paper on the future regulation of crypto service providers.

Market Infrastructure

CPMI Publishes Harmonised Data Requirements for ISO 20022

By Mark Johnston | 18/10/2023

The BOE, ECB and RBA have committed to aligning with the new requirements and call on other market infrastructures and payment service providers to do the same.