Australia

    Structural Regulation

    Treasury Announces New Chair, Deputy Chair for ASIC

    By Sanday Chongo Kabange | 01/05/2021

    The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.

    Conduct, Culture & Accountability

    APRA Issues Draft Prudential Practice Guide on Remuneration

    By Editors | 01/05/2021

    The guidance will assist entities in complying with APRA’s new standard on remuneration, which is expected to be finalised later this year.

    Anti-Money Laundering

    FATF Publishes New Zealand Mutual Evaluation Report

    By Manesh Samtani | 30/04/2021

    Of the 40 recommendations, New Zealand is ‘Compliant’ on 8, ‘Largely Compliant’ on 20, and ‘Partially Compliant’ on 12.

    Anti-Money Laundering

    Australia Scraps Plan to Introduce Beneficial Ownership Register

    By Ranamita Chakraborty | 30/04/2021

    Senator Jane Hume reportedly refused to back the register, a move experts say will entrench Australia as a money laundering haven.

    Cybersecurity

    RBNZ Releases Final Guidance on Developing Cyber Resilience

    By Ranamita Chakraborty | 29/04/2021

    This guidance provides the baseline-level of cyber resilience recommendations as well as recommendations for enhanced-level practices.

    Structural Regulation

    Australia: Tax Reforms Proposed to Support Financial Hub Ambitions

    By Ranamita Chakraborty | 27/04/2021

    Under Senator Andrew Bragg’s proposal, technology and finance business that relocate to Australia would pay concessional tax rate for seven years.

    Climate Risk

    Australia: Super Fund Body Launches New Climate Change Policy

    By Ranamita Chakraborty | 27/04/2021

    The Australian Council of Superannuation Investors is seeking the integration of climate change risk in super fund investment strategies.

    Clearing & Post-Trade

    ASX to Introduce Default Management Auctions for ETD in Q3

    By Editors | 25/04/2021

    ASX consulted last year on the introduction of an auctions framework for exchange-traded derivatives in the event of a futures clearing participant’s default.

    Conduct, Culture & Accountability

    Australian Life Insurers Launch Professional Standards Framework

    By Editors | 24/04/2021

    The framework was developed through collaboration between life insurers comprising 95 percent of the gross written premium in the retail life industry.

    Conduct, Culture & Accountability

    ASIC Seeks Feedback on New Breach Reporting Guidance

    By Manesh Samtani | 23/04/2021

    The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.

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