Australia

Capital / Liquidity

Moody’s Downgrades Australian Banks on Debt Challenges

By Editors | 21/06/2017

Twelve Australian banks have been downgraded by Moody’s Investors Service as they face “elevated risks in the household sector which […]

Capital / Liquidity

Australian Parliament OKs Industry-funding Model for ASIC

By Editors | 16/06/2017

All funding for securities regulator to be collected via levies on regulated entities.

Enforcement

ASIC Flags Fund Manager Compliance Failures

By Editors | 15/06/2017

ASIC (the Australian Securities and Investments Commission) issued recommendations to improve conduct in the funds management sector, citing several failures […]

Capital / Liquidity

Bank Levy Won’t Harm Financial Stability – APRA

By Samuel Riding | 01/06/2017

Government proposed levy will apply to all banks with liabilities of more than $74.36bn.

Capital / Liquidity

ASIC Eyes Regtech Expansion

By Samuel Riding | 29/05/2017

Securities watchdog looks to bring more regulation and compliance technology into innovation hub, sandbox.

AML / KYC

Unregistered Remittance Operators Jailed in Australia

By Samuel Riding | 25/05/2017

AUSTRAC warns on ‘deliberate and systemic breaches’ of AML/CTF rules.

Market Infrastructure

ASIC FX Probe Nears End with Macquarie Undertaking

By Samuel Riding | 22/05/2017

Macquarie follows Big 4 lenders in promising to fix and monitor conduct by forex traders.

Capital / Liquidity

Australian Treasury to Give Banks Preview of Levy Legislation

By Samuel Riding | 16/05/2017

Affected lenders will have a chance to comment on the draft legislation, official says.

Legal Privilege in Cross-Border Internal Investigations

By Samuel Riding | 16/05/2017

Case arising from RBS’s actions during the last financial crisis provides an object lesson.