Australia

Fintech / Regtech

ASX Opens DLT-as-a-Service Platform for Production Use

By Editors | 21/11/2021

Synfini uses the same underlying technology as ASX’s replacement system for CHESS, but is offered as a cloud service to facilitate product innovation.

Capital / Liquidity

APRA to Require Banks to Maintain Surplus Self-securitised Assets

By Editors | 21/11/2021

Banks will have to hold 30 percent of their LCR net cash outflows in self-securitised assets as contingency for periods of stress.

Market Infrastructure

RBA to Upgrade IT Infrastructure to Improve Resilience, Lower Costs

By Sanday Chongo Kabange | 18/11/2021

The upgrades are intended to address technical issues in the RBA’s existing infrastructure, some of which is “facing obsolescence” and requires costly maintenance.

ASIC Issues Draft Guidance on Consumer Remediation

By Sanday Chongo Kabange | 18/11/2021

ASIC has expanded its consumer remediation guidance to cover all financial services licensees, credit licensees and retirement service providers.

Market Infrastructure

FMA Issues Guidance on Mandatory Climate Disclosure Regime

By Sanday Chongo Kabange | 18/11/2021

In-scope climate reporting entities with a 31 March balance date will have to file their first climate statements by 31 July 2024, says the FMA’s Sarah Vrede.

APRA Finalises New Standards on Insurance in Superannuation

By Ranamita Chakraborty | 16/11/2021

In preparation for the 1 July 2022 effective date, APRA “encourages trustees to reassess their insurance arrangements and strategy, risk and compliance frameworks”.

New Zealand to Issue First Sovereign Green Bonds in 2022

By Sanday Chongo Kabange | 16/11/2021

New Zealand plans to issue sovereign green bonds next year to help raise finance for the country’s low carbon transition.

Securities / Derivatives

Australia Finalises Rules on Super Fund Portfolio Disclosures

By Editors | 15/11/2021

Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.

Westpac Advances Progress on Risk Governance Improvements

By Ranamita Chakraborty | 13/11/2021

Westpac CEO Peter King says the bank is already seeing culture improvements and benefits through reduced complexity and improved accountability.