Australia

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    Big Picture

    Inside ASIC’s Derivatives Reporting Rule Rewrite

    By Manesh Samtani | 14/08/2023

    ASIC’s Alex Orgaz-Barnier and DTCC’s Priya Kundamal spoke to Regulation Asia about the changes to the derivative transaction reporting regime in Australia.

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    ESG / Sustainability

    ASIC Takes Legal Action Against Active Super for Alleged Greenwashing

    By Ranamita Chakraborty | 11/08/2023

    Australian superannuation fund Active Super allegedly invested in coal, tobacco, and Russian entities despite claiming to be ethical and responsible.

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    New Zealand Set to Unveil Regulatory Framework for BNPL

    By Editors | 11/08/2023

    BNPL lenders will have to complete comprehensive credit reporting when customers sign up or increase their credit limit.

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    Enforcement

    ASIC Sues Debt Management Firm for Causing Consumer Harm 

    By Sanday Chongo Kabange | 10/08/2023

    The debt management firm offered to help borrowers solve their financial burdens but instead caused them more harm, ASIC alleges.

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    Capital / Liquidity

    APRA Refocuses Policy Priorities on Financial Stability of Banks

    By Sanday Chongo Kabange | 10/08/2023

    For the rest of 2023, APRA is prioritising “immediate actions to strengthen standards for bank financial stability issues”.

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    Sanctions

    US, Canada, New Zealand Target Belarus With New Sanctions

    By Editors | 10/08/2023

    The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.

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    Securities / Derivatives

    APRA Finalises Methodology for Combining MySuper Performance Histories

    By Mark Johnston | 10/08/2023

    The methodology will apply in the MySuper performance test, for situations such as product mergers or closures where performance histories must be combined.

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    ESG / Sustainability

    New Zealand: FMA Official Tackles Greenwashing Concerns

    By Editors | 10/08/2023

    FMA executive director Paul Gregory addressed greenwashing in funds industry, focusing on regulatory perspectives on fair dealing and members’ interests.

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    Capital / Liquidity

    APRA Removes Liquidity Add-on for Bendigo and Adelaide Bank

    By Editors | 10/08/2023

    APRA applied a ten percent add-on to the net cash outflow component of Bendigo’s LCR calculation in October 2020.

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    ESG / Sustainability

    BlackRock Launches NZ$2b Fund to Support New Zealand Transition

    By Mark Johnston | 09/08/2023

    BlackRock has partnered with the New Zealand government to launch a NZD 2 billion climate infrastructure fund.

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