Australia

    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.

    Enforcement

    Australia Creates New Financial Complaints Body

    By Editors | 16/02/2018

    New body merges three existing complaints authorities; will streamline complaints process and quicken dispute resolution for customers.

    Capital / Liquidity

    Australia Proposes Bank Capital Framework Revisions

    By Samuel Riding | 14/02/2018

    APRA does not expect new rules to extend banks’ capital requirements beyond ‘unquestionably strong’ level set out last July.

    Fintech / Regtech

    Australia Launches Real Time Payments Platform

    By Manesh Samtani | 14/02/2018

    New Payments Platform enables instant transfers between accounts at different financial institutions, at “any time of day, any day of the year.”

    AML / KYC

    Australia Details Regulatory Framework for Open Banking

    By Manesh Samtani | 13/02/2018

    The government has unveiled its final report on its review on open banking, detailing 50 recommendations on implementing the new data-sharing regime.

    AML / KYC

    IMF, ADB, Aus, NZ Seek Lower Cost Remittances for the Pacific

    By Editors | 11/02/2018

    Possible solutions include enhancing AML/CFT controls at banks, promoting best practices at money transfer operators, improving information sharing by supervisory authorities.

    Australia to Crack Down on Tax Avoidance by Multinationals

    By Editors | 10/02/2018

    Consultations relate to implementation of multilateral which will modify existing bilateral tax treaties, closing loopholes used by multinationals to avoid taxation.

    Crypto / Digital Assets

    Australia Won’t Follow US, UK Credit Card Bans for Crypto

    By Manesh Samtani | 09/02/2018

    ANZ, Westpac, NAB have no restrictions on buying cryptocurrency with credit cards, the banks confirmed.

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