Australia

    Securities / Derivatives

    ASIC Defers New Fee Disclosure Obligations Two Years to 2022

    By Sanday Chongo Kabange | 10/09/2020

    Superannuation funds and managed investment scheme issuers will now have until September 2022 to comply with fee and cost disclosure requirements.

    Capital / Liquidity

    APRA Formalises Updated Guidance on Treatment of Deferred Loans

    By Editors | 09/09/2020

    Banks need not treat deferred loans as past due or impaired for capital or reporting purposes until after 31 March. New reporting requirements now apply.

    Capital / Liquidity

    APRA to Amend Liquidity Rules for Banks – Report

    By Editors | 08/09/2020

    The changes will require banks to decrease their holdings of private sector liquid assets in favour of buying more government debt.

    Fintech / Regtech

    ASX Opens Data Science Platform to Third Party Firms

    By Editors | 07/09/2020

    ASX DataSphere allows third-party firms to experiment with ASX and non-ASX datasets spanning fixed income, interest rates, derivatives, equities, and benchmarks.

    Fintech / Regtech

    Australian Banks Expand Use of Blockchain For Bank Guarantees

    By Sanday Chongo Kabange | 05/09/2020

    ANZ, CBA, Westpac, IBM and Scentre Group are opening up to early adopters a blockchain platform that in trials has reduced the issuance time for bank guarantees to just one day.

    Uncategorised

    Australia Passes Law to Allow Employees to Choose Super Fund

    By Sanday Chongo Kabange | 04/09/2020

    The bill will allow Australians to choose their own superannuation fund instead of being forced to invest in mandatory superannuation funds offered by their employers.

    Securities / Derivatives

    New Zealand Extends Overseas Investment Notification Requirement

    By Editors | 04/09/2020

    The notification regime allows the government to impose conditions on or block transactions that are contrary to New Zealand’s national interest.

    Fintech / Regtech

    Australia Senate Committee on Fintech, Regtech Publishes Interim Report

    By Editors | 04/09/2020

    The committee has categorised the material presented under: Covid-19 issues, tax, regulation, access to capital, skills and talent, and culture.

    Capital / Liquidity

    RBA Expands Low-cost Term Lending Facility for Banks

    By Editors | 02/09/2020

    The expansion brings the total available funding under the term lending facility to about A$200 billion, said RBA governor Philip Lowe.

    Market Infrastructure

    APRA Updates Four-Year Corporate Plan to Prioritise Covid Risks

    By Editors | 02/09/2020

    APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.

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