Australia

RBA to Establish Panel of Economists to Aid Policymaking

By Editors | 18/08/2022

The first meeting of the new panel is planned for 6 October, to discuss economic challenges and the appropriate role of forward guidance in monetary policy.

Crypto / Digital Assets

ASIC Concerned by Extent of Retail Investors Exposed to Crypto

By Editors | 18/08/2022

ASIC chair Joe Longo says better investor protections are needed after a survey of retail investors founr 44 percent were holding cryptocurrency.

ESG / Sustainability

Australia Needs National Carbon Market Strategy – Report

By Editors | 16/08/2022

The government should publish a national strategy that helps embed decarbonisation in everyday decision-making and upholds the integrity of offsets, the Climate Change Authority says.

Australia Commences Review of ASIC’s Industry Funding Model

By Editors | 15/08/2022

The review will be “forward looking” and focused on identifying refinements to the funding model to ensure its settings remain “appropriate”.

Capital / Liquidity

APRA Corporate Plan Highlights Focus on Industry Resilience

By Sanday Chongo Kabange | 14/08/2022

In its latest corporate plan, APRA said its focus is to ‘protect the community today’ and ensure the financial system is ‘prepared for tomorrow’.

ASIC Identifies Complaints Handling Deficiencies at Super Funds

By Editors | 11/08/2022

ASIC discovered issues with complaints recording, response timeframes, failures to inform complainants of delays, and process failures.

Capital / Liquidity

APRA Finalises Reporting Standards for New Bank Capital Framework

By Editors | 11/08/2022

To maximise the time available for entities to develop reporting solutions, the APRA Connect external test environment will be made available in early September.

Market Infrastructure

ASIC to Provide Industry Support on Breach Reporting Compliance

By Sanday Chongo Kabange | 10/08/2022

ASIC says it is aware of implementation challenges associated with the new breach reporting regime, and that it will work to help reduce the compliance burden.

Crypto / Digital Assets

RBA to Explore Australia-specific Use Cases for CBDC

By Editors | 10/08/2022

The research project is expected to take about a year to complete and will involve the development of a limited-scale CBDC pilot operating in a ring-fenced environment.