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Market Infrastructure
ASIC Issues Guidance on Managing LIBOR-related Conduct Risk
By Editors | 30/11/2020
The new guidance is aimed at assisting entities in establishing necessary arrangements to mitigate conduct risk associated with the discontinuation of LIBOR.
Fintech / Regtech
NZX to Create Industry Working Group on Capital Markets Technology
By Editors | 30/11/2020
The working group will develop a roadmap to solve for New Zealand’s lack of scale and geographic isolation through the use of technology.
Fintech / Regtech
Australia, Singapore to Trial Paperless Trade Using Blockchain
By Editors | 29/11/2020
The Australian Border Force, Singapore Customs, and IMDA, as well as industry groups and financial institutions, will participate in the trial.
Market Infrastructure
Australia Gets New Guidance for Internal Auditors in Financial Services
By Editors | 29/11/2020
The Better Practice Guide was developed by industry practitioners with APRA and ASIC serving as vocal observers and EY and KPMG providing secretariat support.
Capital / Liquidity
RBNZ to Re-instate Mortgage Lending Restrictions Early
By Editors | 29/11/2020
The RBNZ intends to re-impose LVR restrictions on high-risk lending with effect from 1 March 2021 – two months earlier than originally anticipated.
Market Infrastructure
APRA Unveils Details of New Cyber Security Strategy
By Manesh Samtani | 26/11/2020
Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.
AML / KYC
RBNZ Investigates Two Banks Over AML Compliance
By Editors | 26/11/2020
The RBNZ is also looking into compliance issues eight banks have identified with transaction reporting requirements over the past six months.
Capital / Liquidity
APRA to Integrate AASB 17 with Capital, Reporting Frameworks
By Editors | 26/11/2020
A failure to update the frameworks would result in insurers needing to maintain dual valuation, actuarial, accounting and reporting systems, APRA says.
Market Infrastructure
Australia Concludes Review of Retirement Income System
By Editors | 26/11/2020
The review signals little urgency to increase compulsory employer superannuation payments, as legislated, to 12 percent by 2025.
Market Infrastructure
NZX Formalises Role of Technology Committee in Enhancing Governance
By Editors | 26/11/2020
The specialist committee was established in April as an interim measure in response to technical issues stemming from record trading volumes.
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