Australia

AML / KYC

NZ FMA Risk Assessment Finds VASPs Sector ‘High Risk’

By Sanday Chongo Kabange | 07/12/2021

The FMA’s sector risk assessment for 2021 says VASPs, derivatives issuers and online investment platforms could be targeted by money launderers.

ASIC Set to Undergo First Review by New Monitoring Body

By Sanday Chongo Kabange | 07/12/2021

The new Financial Regulator Assessment Authority will assess ASIC’s effectiveness and capability including in its surveillance and licensing functions.

Crypto / Digital Assets

ASIC Flags Supply Chain Risk as Key Cyber Resilience Concern

By Sanday Chongo Kabange | 07/12/2021

Failure to invest in supply chain risk management could lead to significant consumer harm that might warrant ASIC investigation and action.

Big Picture

RBNZ Responds to XRB and MfE Climate Consultations

By Mark Johnston | 07/12/2021

The RBNZ offers suggestions on the new disclosure standards being developed by the XRB, and proposes policy options to increase the flow of private capital into low-emissions investment.

Treasury Offers Recommendations to Improve AFCA’s Operations

By Sanday Chongo Kabange | 05/12/2021

Treasury recommends government remove the legislative requirement for authorised credit representatives to be members of AFCA.

AML / KYC

Australian Parliament Approves Magnitsky-style Sanctions Law

By Manesh Samtani | 05/12/2021

The legislation will allow Australia to address gross human rights violations, serious corruption, malicious cyber activity, among other themes.

Fintech / Regtech

RBNZ Proposes Policy Options to Preserve Cash System

By Sanday Chongo Kabange | 02/12/2021

The increasing appeal of non-cash and online payment options and the reducing number of bank branches and ATMs could present resilience issues for the cash system.

Fintech / Regtech

ASX Opens First Industry Test Environment for CHESS Replacement

By Editors | 01/12/2021

ITE1 is open for software providers to test functional and non-functional workflows for the new equities clearing and settlement system.

Capital / Liquidity

RBNZ to Amend Connected Exposures Policy for Banks

By Editors | 30/11/2021

The RBNZ proposes to remove the aggregate gross exposure limit and to allow banks to recognise credit risk mitigations when measuring aggregate net exposures.