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Enforcement
NAB Chief Steps Down Amid Royal Commission Criticism
By Editors | 07/02/2019
Commissioner Hayne said in his Final Report that NAB “stands apart” from the other major banks and questioned whether its senior leadership was capable of reforming the bank’s culture.
Crypto / Digital Assets
Australia Solicits Comments on Regulatory Framework for ICOs
By Editors | 06/02/2019
A bespoke framework for ICOs can provide regulatory clarity and encourage economic activity, but the costs and benefits must be weighed, says a paper from Australia’s Treasury.
AML / KYC
Complying with AML/CTF Obligations in Australia
By Sophie Gerber | 06/02/2019
Sophie Grace director Sophie Gerber lays out the obligations reporting entities must adhere to for compliance with AML/CTF rules in Australia.
Enforcement
Royal Commission Final Report Packs a Powerful Punch
By Matthew Chan | 04/02/2019
The Final Report on Australia’s Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.
Capital / Liquidity
APRA Maintains Zero CCyB in Favour of Targeting Lending Standards
By Editors | 30/01/2019
APRA has maintained the countercyclical capital buffer rate at zero percent, focusing instead on targeted measures to improve eroded bank lending standards.
Securities / Derivatives
ASX Consults on Moving Bank Bill Futures to Cash Settlement
By Editors | 30/01/2019
The move is expected to increase participation from swap dealers and offshore entities in Australia’s most actively traded listed short term interest rate derivative.
Capital / Liquidity
RBNZ Extends Bank Capital Consultation, Releases Background Research
By Editors | 29/01/2019
In response to stakeholder feedback on doubling bank capital requirements, the RBNZ has extended the consultation deadline and released research originally intended for internal use.
Market Infrastructure
New Zealand FMA, NZX To Undertake Capital Markets Review
By Editors | 25/01/2019
An industry working group established by the NZX and FMA and supported by EY will provide recommendations to increase the depth and attractiveness of New Zealand’s capital markets.
Fintech / Regtech
APRA Grants First New Bank Licence in Almost 20 Years
By Editors | 24/01/2019
Volt bank Limited has become the first ‘neobank’ to receive a full banking licence after having operated under APRA’s ‘restricted ADI’ licence since last May.
Fintech / Regtech
Australia Consults on Strategic Vision for Payments Sector
By Editors | 23/01/2019
The Australian Payments Council is inviting comments to review it 2015 Australian Payments Plan aimed at supporting digital payments.
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