Australia

    Fraud, Scams & Cybercrime

    ABA Updates Guidelines on Preventing Elder Abuse

    By Ranamita Chakraborty | 06/04/2021

    The ABA is calling on governments across Australia to establish consistent power of attorney laws across the country and a national POA register.

    Credit Risk

    New Zealand Ends Loan Repayment Deferral Scheme

    By Editors | 05/04/2021

    Banks are continuing to work with borrowers who still need help to get back on track, says NZBA chief executive Roger Beaumont.

    Trading & Investment

    ASIC Bans Sale of Binary Options to Retail Clients

    By Editors | 05/04/2021

    The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.

    Anti-Money Laundering

    Australia Lags Regional Peers on DNFBP Regulation: Report

    By Manesh Samtani | 03/04/2021

    Australia is sending a message to financial criminals around the world that its lawyers, accountants and property market are open for business.

    Operational Risk

    APRA Raises Macquarie’s Capital, Liquidity Requirements

    By Editors | 02/04/2021

    Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.

    Structural Regulation

    ASX Finalises, Defers Listing Rule Changes to June

    By Editors | 01/04/2021

    The listing rule changes deal with online forms, notification of security issues and corporate action timetables.

    Structural Regulation

    ACCC Gives NAB Green Light to Acquire Neobank 86400

    By Ranamita Chakraborty | 01/04/2021

    The ACCC’s decision is based on an assessment that the NAB acquisition is “unlikely to substantially lessen competition” in the market.

    Capital Adequacy

    RBNZ Eases Restrictions on Bank Dividend Payouts

    By Editors | 31/03/2021

    The 50% dividend restriction will remain in place until 1 July 2022, at which point the RBNZ will seek to normalise the dividend settings.

    Anti-Money Laundering

    AUSTRAC Publishes Regulatory Guides on Strengthen AML Controls

    By Editors | 31/03/2021

    The regulatory gives cover governance, risk assessments, customer due diligence, IFTIs reporting, and correspondent banking relationships.

    Conduct, Culture & Accountability

    ASIC Reassesses Tools for Enforcing Disclosure Rules

    By Ranamita Chakraborty | 30/03/2021

    ASIC is assessing how changes to continuous disclosure laws will affect the practicality of issuing infringement notices.

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