Australia

Capital / Liquidity

RBA Says Banks Can Hold More Govt Securities to Meet LCR

By Editors | 10/06/2019

Banks can increase the proportion of government securities they hold to meet prudential liquidity requirements.

Enforcement

Macquarie Securities Penalised for Submitting Incorrect Regulatory Data

By Editors | 03/06/2019

Over 4 years, approximately 42 million orders containing incorrect or omitted regulatory data were submitted to ASX and Chi-X.

Crypto / Digital Assets

ASIC Updates Guidance for ICO, Crypto-Asset Issuers

By Editors | 02/06/2019

The guidance tells issuers how to determine whether an ICO or crypto-asset is considered a financial product, and which Australian laws would apply.

Capital / Liquidity

APRA Warns of Capital Charges for FIs with Poor Culture

By Editors | 24/05/2019

APRA says it may apply additional capital requirements to regulated institutions with material weaknesses in their governance and management of non-financial risks.

Capital / Liquidity

APRA Proposes Loosening of Mortgage Rules

By Editors | 22/05/2019

APRA proposes to give ADIs more flexibility in the way they assess mortgage loan serviceability, while also increasing the maximum borrowing capacity for a given borrower.

Capital / Liquidity

RBNZ Closes Bank Capital Consultation, NZBA Calls for Rethink

By Editors | 22/05/2019

The RBNZ’s capital proposals have been under fire since December. The NZBA is the latest to call for a rethink of the capital rules, citing economic costs estimated over NZ$1.8bn a year.

ASIC Warning Prompts FX Brokers to Halt Overseas Services

By Editors | 21/05/2019

Two Australian FX brokers announced they will stop servicing overseas customers, after ASIC warned they may be breaking the law in other jurisdictions.

Capital / Liquidity

ANZ New Zealand Censured Over Internal Models

By Editors | 21/05/2019

The Reserve Bank of New Zealand has revoked ANZ’s right to model its operational risk capital requirements due to persistent failures in controls.

Enforcement

ASIC Raises Bar for Complaints Handling at Financial Firms

By Editors | 16/05/2019

The proposals raise internal dispute resolution standards at financial firms, and introduce mandatory data reporting to help make complaints handling performance more transparent.