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Fintech / Regtech
ASIC Reverses Plans to Extend ePayment Protections to Small Business
By Editors | 08/03/2022
ASIC will publish an updated ePayments Code in April, enhancing some consumer protections and extending those protections to payments made using the NPP.
AML / KYC
New Zealand to Pass Russia Sanctions Bill This Week
By Manesh Samtani | 08/03/2022
The bill will pass “under urgency” this week, to provide further, extensive sanctions on Russia and individuals and companies connected to the Russian government.
Capital / Liquidity
APRA Commences Post Implementation Review of LCR, NSFR
By Editors | 06/03/2022
The review will inform potential adjustments to the LCR and NSFR and a broader review of APRA’s liquidity requirements.
Enforcement
NZ FMA Censures Derivatives Issuer Over Suitability Checks
By Editors | 05/03/2022
CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.
Enforcement
ASIC Consults on When to Convene FSCP Sitting Panels
By Ranamita Chakraborty | 03/03/2022
ASIC proposes that it will generally convene an FSCP sitting panel when misconduct is widespread or part of a growing trend, or where doing so can have deterrence benefits.
ESG / Sustainability
APRA to Survey Regulated Entities on Climate Risk Management
By Sanday Chongo Kabange | 03/03/2022
The survey will assess the alignment between current approaches used by regulated entities and the expectations set out in CPG 229 and the TCFD recommendations.
Capital / Liquidity
RBNZ Launches First Consultation Reviewing Liquidity Policy
By Editors | 01/03/2022
The paper asks for initial views on whether the RBNZ should consider adopting the BCBS liquidity framework, and whether its proposed principles for the review are appropriate.
AML / KYC
AUSTRAC Launches Federal Court Proceedings Against Crown Casinos
By Editors | 01/03/2022
Crown Melbourne and Crown Perth failed to assess ML/TF risk, carry out appropriate due diligence on customers, and establish a transaction monitoring programme.
AML / KYC
Singapore, Korea, Switzerland Announce Sanctions Against Russia
By Manesh Samtani | 01/03/2022
Singapore will block certain Russian banks and financial transactions connected to Russia. Major Singapore banks are already restricting trade financing for Russian commodities.
Capital / Liquidity
RBA to Adjust Liquidity-Providing Market Operations
By Editors | 27/02/2022
The RBA will adjust the way it sets interest rates for repo transactions with banks and shorten the maximum tenor to four weeks.
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