Australia

AML / KYC

Bureaucracy Hinders Australia Regtech Adoption

By Samuel Riding | 09/02/2017

ASIC urged to work with government to help cut regulatory costs, relax requirements.

Market Infrastructure

New Zealand Revises Bank Outsourcing Policy

By Samuel Riding | 03/02/2017

Revisions aim to ensure consistent compliance in resolving bank failures.

Australian Bank Repays $3.7mn in Overcharged Fees

By Samuel Riding | 02/02/2017

Bankwest failed to ensure clients’ offset bank accounts were properly linked with home loans.

Capital / Liquidity

APRA Issues Securitisation Reporting Proposals

By Samuel Riding | 02/02/2017

Regulator proposes to remove internal ratings-based approach from reporting standards.

Australian Banks to Share Info on ‘Bad Advisers’

By Samuel Riding | 01/02/2017

Bankers association aims to address misconduct, charging for undelivered services.

Market Infrastructure

ASIC Says Cut Firms’ Regulatory Costs by $233mn in 2015/16

By Samuel Riding | 27/01/2017

Regulator to spend $46mn on data platform, analytics; add trade reporting data to monitoring platform.

Market Infrastructure

ASIC to Revise Market Integrity Rules

By Samuel Riding | 25/01/2017

Consolidation aims to further reduce red tape, streamline rules amendment procedure.

Capital / Liquidity

Three Australian Banks Face $4.6bn Capital Shortfall

By Samuel Riding | 18/01/2017

Largest shortfall at Commonwealth Bank; of ‘Big 4’, only ANZ has a capital surplus.

Capital / Liquidity

Australian Banks to Report More Data

By Samuel Riding | 17/01/2017

APRA requirement said to develop data availability for ‘clear presentation of facts’.