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Market Infrastructure
RBNZ Focused on Public Disclosure Regime
By Garima Chitkara | 03/03/2018
Reserve Bank of New Zealand is working to improve its disclosure regime to uphold three regulatory pillars: self-discipline, market discipline and regulatory discipline.
Fintech / Regtech
Australia to Develop Fintech Code of Conduct
By Editors | 02/03/2018
The code of conduct will cover transparency and disclosure for fintech balance sheet lenders offering unsecured business loans.
AML / KYC
CBA Defends Against Regulators’ Allegations
By Manesh Samtani | 01/03/2018
The bank says its employees did not adversely impact the BBSW as ASIC claims, denies AUSTRAC allegations of systemic AML noncompliance.
Enforcement
APRA Faces Questioning on Mortgage Fraud Risk Review
By Garima Chitkara | 01/03/2018
APRA chairman to answer questions on unreleased mortgage risk review findings in Australian Senate this week.
Fintech / Regtech
New Zealand Opens Up Robo-Advisory Market
By Manesh Samtani | 26/02/2018
Applicants will need to demonstrate capability and competency to provide robo-advice while ensuring consumer protection.
Enforcement
Australian Banks’ Bill for Dodgy Financial Advice Hits $40mn
By Garima Chitkara | 22/02/2018
Australian banks paid an additional $16.7mn to compensate customers affected by “non-compliant” financial advice between 2009 and 2015.
Enforcement
New Zealand Regulator Flags Market Misconduct
By Garima Chitkara | 22/02/2018
Report outlines enforcement actions on market manipulation against Milford Asset Management trader, investigation into trading at Goldman Sachs, other cases of misconduct.
Capital / Liquidity
APRA Capital Framework Revisions Credit Positive for Banks – Moody’s
By Editors | 20/02/2018
Higher risk weightings for higher-risk residential mortgages will improve the alignment of capital to risk and better reflect their sensitivity to economic cycles, says Moody’s.
Securities / Derivatives
Australian Sell-side Research Rules Threaten IPO Bonanza
By Bradley Maclean | 19/02/2018
Guidance on sell-side research could disappoint investment bankers who expected a strong year for new listings.
Market Infrastructure
ASIC Publishes Credit Rating Agency Review
By Garima Chitkara | 18/02/2018
Credit ratings agencies found lacking on compliance testing and board reporting.
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