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Australia to Update Guidance on Payment Times Reporting
By Editors | 28/07/2022
Treasury says it has received a high number of enquiries from reporting entities and their advisers regarding administration of the Payment Times Reporting Scheme.
Capital / Liquidity
APRA Finalises Implementation Guidance for New Capital Framework
By Editors | 27/07/2022
APRA is seeking written submissions by 26 August 2022 on consequential amendments relating to the treatment of exposures to New Zealand and the NSFR requirement.
Securities / Derivatives
APRA to Start Publishing ‘Enhanced’ Superannuation Data in September
By Editors | 26/07/2022
Quarterly publications will start in September and annual publications in early 2023, comprising new and expanded data on an industry, fund and product basis.
Fintech / Regtech
ACCC Launches Free Sandbox for CDR Participants
By Editors | 25/07/2022
The CDR sandbox will reduce the time and cost firms spend trying to become active CDR participants and updating their CDR offerings.
ANZ Faces Regulatory, Industry Scrutiny Over Proposed Suncorp Deal
By Editors | 24/07/2022
ANZ will need approval from the ACCC, the Federal Treasurer and Queensland officials. The Finance Sector Union is calling for the deal for be rejected.
Securities / Derivatives
ASIC Expects Market Participants to Detect Pump and Dump Activity
By Editors | 23/07/2022
New report sets out indicators and good practices to help market participants detect, prevent, and respond to pump and dump activity.
Market Infrastructure
NZ FMA Consults on New Licence Conditions Under CoFi
By Editors | 21/07/2022
Banks, insurers and non-bank deposit takers will need a ‘financial institution licence’ issued by the FMA starting in early 2025.
AML / KYC
ACCC Chair Calls for Joint Response to Financial Scams
By Sanday Chongo Kabange | 21/07/2022
ACCC chair Gina Cass-Gottlieb says banks have a responsibility to protect customers from investing in scam cryptocurrency schemes.
Capital / Liquidity
APRA Finalises New Standards on Super Fund Investment Governance
By Editors | 21/07/2022
The new standard will commence on 1 January 2023. APRA will consult on additional guidance later this year, also covering ESG risks.
Enforcement
ASIC Imposes Eight Year Bans Over Pressure Selling of CFDs
By Editors | 21/07/2022
Two executives have been banned for eight years after their firm engaged in “unconscionable conduct” including the use of pressure selling tactics.
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