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Australia
Fintech / Regtech
ASIC Chair Cautions Against Hasty Implementation of AI Tools
By Editors | 22/06/2023
ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.
Securities / Derivatives
ASIC Proposes to Remake Derivative Trade Repository Rules
By Editors | 22/06/2023
ASIC proposes to remake the 2013 rules in substantially the same form with two minor updates ahead of sunset.
Crypto / Digital Assets
Cuscal Introduces New Requirements for Crypto Firms in Australia
By Ranamita Chakraborty | 22/06/2023
Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.
ESG / Sustainability
New Zealand FSC Publishes New Guidance on Climate Disclosures
By Sanday Chongo Kabange | 21/06/2023
The new FSC guidance is designed to help fund managers and insurers to better understand and assess climate-related risks and prepare for mandatory climate reporting.
Market Infrastructure
RBNZ Considers Expanding Access to Settlement Accounts
By Sanday Chongo Kabange | 19/06/2023
The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.
Enforcement
APRA Fines OnePath Custodians for Breaching Superannuation Law
By Sanday Chongo Kabange | 19/06/2023
OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.
Australia Calls for Improved Transparency on Remittance Costs
By Mark Johnston | 18/06/2023
A coalition of companies has called on the government to require banks to disclose all the costs of international money transfers upfront.
Market Infrastructure
FRAA Proposes Draft Metrics Framework for Assessing APRA, ASIC
By Editors | 18/06/2023
The framework will enhance the Financial Regulator Assessment Authority’s assessment toolkit and provide direct insights on APRA and ASIC’s activities.
Fintech / Regtech
New Zealand Updates Expectations on Use of Generative AI
By Editors | 18/06/2023
New Zealand Privacy Commissioner Michael Webster said AI users and developers need to make sure they are compliant with privacy law.
AML / KYC
Australia Assessing Adequacy of Crisis Management Settings
By Ranamita Chakraborty | 16/06/2023
Regulators are assessing Australia’s crisis management settings to ensure they remain robust in light of international developments.
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