Australia

Fintech / Regtech

Singapore Fintechs to Get Support for Australia Expansion

By Editors | 02/05/2023

The SFA and Austrade signed an MoU that will help fintechs expand across borders. Support will be provided by Enterprise Singapore, HSBC and AWS.

ESG / Sustainability

ASIC Fines Future Super for Alleged Greenwashing

By Sanday Chongo Kabange | 02/05/2023

ASIC fined Future Super Investment Services for “overstating the positive environmental impact” of its fund in a Facebook post.

Australia to Ban Use of Credit Cards for Online Gambling

By Editors | 02/05/2023

Bank Identification Numbers (BINs) will be used to identify and block credit card payments. The ACMA will enforce the ban.

Capital / Liquidity

NZ Banks Have ‘Relatively Little’ Interest Rate Risk: RBNZ

By Sanday Chongo Kabange | 02/05/2023

RBNZ says New Zealand banks are required to hold fewer bond assets than banks in other developed economies and account for them at fair market value.

APRA, AFCA Sign MoU on Information Sharing and Cooperation

By Editors | 02/05/2023

The MoU sets out the basis for engagement between APRA and AFCA, including information sharing and other forms of cooperation and coordination.

AML / KYC

Combatting TBML Through Beneficial Ownership and Enhanced Transparency

By Jeremy Moller | 02/05/2023

Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.

Fintech / Regtech

ASX Issues Update on CHESS Replacement Partnership Programme

By Editors | 01/05/2023

Under the A$70mn Partnership Programme, ASX will offer payouts to stakeholders to support their efforts in meeting project milestones.

ASIC Updates Guidance for Reportable Situations Regime

By Editors | 29/04/2023

ASIC says the focus of the update is to improve consistency and quality of reporting practices and reduce the regulatory burden on licensees

Capital / Liquidity

RBNZ Proposes to Ease Mortgage Lending Restrictions

By Sanday Chongo Kabange | 27/04/2023

The RBNZ proposes to ease the existing LVR restrictions by 1 June as it now sees reduced risks to financial stability.