Australia

Capital / Liquidity

New Zealand to Enhance Bank Disclosure Rules

By Samuel Riding | 26/09/2016

Proposal aims to improve efficiency of prudential requirements for banks and non-bank deposit takers.

Ex-Credit Suisse Broker Denies Procuring Insider Trading

By Samuel Riding | 21/09/2016

ASIC brings prosecution on 11 charges related to trades in 7 companies.

Market Infrastructure

ASIC Investigates ASX Outage

By Samuel Riding | 20/09/2016

ASX says disruption was due to hardware failure and not a cyber-attack.

Capital / Liquidity

APRA to Revise Counterparty Credit Risk Framework

By Samuel Riding | 16/09/2016

Revisions aims to align framework with Basel changes.

AML / KYC

ASIC Releases Remediation Guidelines for Financial Advisers

By Samuel Riding | 16/09/2016

Measures aim to prevent systemic risk arising from advisers’ conduct.

AML / KYC

Australia Exempts Some Trusts from AML/CTF Law

By Samuel Riding | 08/09/2016

Exemptions apply to licensed trustees appointed under a will, power of attorney, or to act for incapacitated clients.

ANZ to Refund $22mn in Fees, Interest

By Samuel Riding | 06/09/2016

Bank charged fees on payments between accounts held by the same customer.

Market Infrastructure

ASIC Publishes ‘Robo-advice’ Guidelines

By Samuel Riding | 31/08/2016

Guidance covers licensing through to actual advice provision.

Capital / Liquidity

APRA Finalises Capital Buffer Guidance

By Samuel Riding | 31/08/2016

ADIs should hold conservation buffer of 2.5% of RWA, rising to 3.5% for D-SIBS.