Australia

Capital / Liquidity

New Zealand Announces Reforms to Improve Access to Loans

By Editors | 24/04/2024

The government will revoke the affordability regulations introduced in 2021 and improve dispute resolution, among other measures.

Enforcement

South Australia Proposes Higher Penalties for Casino Misconduct

By Nithya Subramanian | 24/04/2024

The proposed laws are expected to ensure a greater level of accountability and responsibility, and result in heftier fines for SkyCity.

Securities / Derivatives

ASX Seeks Feedback on Potential Move to T+1 Settlement Cycle

By Editors | 24/04/2024

ASX is seeking industry feedback on the impacts of transitioning from T+2 to T+1 settlement in Australia.

ESG / Sustainability

Preparations for Mandatory Climate Disclosures Must Start: ASIC

By Sanday Chongo Kabange | 24/04/2024

ASIC calls on companies to put in place systems, processes and governance practices that will be required to meet new climate reporting requirements.

Capital / Liquidity

New Zealand FMA Issues Liquidity Risk Management Guide

By Editors | 24/04/2024

The new guide emphasises the importance of effective liquidity risk management at “all stages of fund management”.

ESG / Sustainability

RBNZ Unveils Results of 28-year Climate Stress Test

By Sanday Chongo Kabange | 24/04/2024

The stress test highlighted the potential for climate-related risks to “significantly” reduce bank profitability.

Enforcement

Australian Court Fines Macquarie for Inadequate Controls

By Editors | 21/04/2024

Macquarie failed to prevent a now jailed financial adviser from fraudulently withdrawing A$2.9mn from customer accounts between 2016 and 2019.

AML / KYC

NZBA Calls for Scam Prevention Support from Government

By Sanday Chongo Kabange | 19/04/2024

The NZBA wants the government to set anti-scam expectations for other industries in the scam ecosystem besides banking.

Market Infrastructure

ASX Consults on Incentives for CHESS Project Participation

By Sanday Chongo Kabange | 19/04/2024

ASX is consulting on payment options and incentives to enhance engagement and testing activities for the CHESS Replacement project.