Australia

Australia to Limit Payment System Surcharges

By Samuel Riding | 27/05/2016

Surcharges exceeding merchant costs to be barred on some payment systems.

Market Infrastructure

Credit Suisse Fined for Market Integrity Rule Breaches

By Samuel Riding | 20/05/2016

Australian unit fined USD50,000 for failure to have automated trading filters in place to prevent interference with market integrity.

Market Infrastructure

SSX to Develop Blockchain Settlement, Registration

By Samuel Riding | 20/05/2016

Sydney exchange’s system to be initially deployed across private markets platform.

AML / KYC

HSBC Accepts ASIC Undertaking on Structured Product Sales

By Samuel Riding | 18/05/2016

Bank required to remediate clients who may have received ‘deficient advice’.

AML / KYC

Australia Launches Tax Disclosure Consultation

By Samuel Riding | 04/05/2016

Government recommends adoption of OECD mandatory disclosure rules on base erosion, profit shifting.

Australia Proposes Bankruptcy, Insolvency Reforms

By Samuel Riding | 03/05/2016

Measures designed to boost innovation could have knock-on impact on capital markets.

AML / KYC

ASIC to Use Windfall to Boost Surveillance, Enforcement

By Samuel Riding | 21/04/2016

Australian securities regulator also welcomes shift to industry funding model.

Market Infrastructure

Australian Bank Tightens Rules on Mortgages for Foreigners

By Samuel Riding | 20/04/2016

Commonwealth Bank of Australia follows ANZ in tightening terms amid overheating concerns.

Market Infrastructure

Australia to Finalise Capital Framework by Year-end

By Samuel Riding | 15/04/2016

APRA to detail components of move towards ‘unquestionably strong’ framework, central bank says.