Australia

ESG / Sustainability

ASFI Granted Authorisation to Engage on Sustainable Finance

By Sanday Chongo Kabange | 11/03/2025

The authorisation allows ASFI and its members to engage in discussions and exchange information in relation to sustainable finance solutions.

Capital / Liquidity

New Zealand Banks Call on Lawmakers to Reconsider Capital Rules

By Sanday Chongo Kabange | 11/03/2025

New Zealand’s large banks have asked lawmakers to consider whether the capital rules set by the RBNZ are too onerous.

AML / KYC

Australia Directs ACMA to Implement New Standard to Prevent SMS Scams

By Sanday Chongo Kabange | 11/03/2025

The new standard will require telcos to check whether SMS messages sent using a sender ID correspond with the legitimate registered sender.

Securities / Derivatives

NZX Proposes to Relax ‘Prescribed Person’ Trading Rules

By Thisanka Siripala | 07/03/2025

NZX proposes to narrow the scope of the obligations to only NZX-quoted securities, addressing concerns that they currently apply too broadly.

ESG / Sustainability

APRA Launches Review of Prudential Governance Framework

By Sanday Chongo Kabange | 07/03/2025

APRA proposes a lifetime default tenure limit of 10 years for non-executive directors of banks, insurers, and super funds.

Fintech / Regtech

AUSTRAC to Expand AI Use in Intelligence, Regulatory Operations

By Thisanka Siripala | 07/03/2025

AUSTRAC is currently developing and piloting uses of AI which will in the future expand usage patterns and domains.

Fintech / Regtech

Australia’s Banking Revolution: Leveraging AI in a Sheltered but Evolving Market

By Bradley Maclean | 06/03/2025

Australia’s near-term trajectory in AI adoption hinges on strategic actions that address existing gaps while positioning the sector for sustainable growth.

Market Infrastructure

ASX Consults on Release 1 of CHESS Replacement Project

By Sanday Chongo Kabange | 06/03/2025

ASX will implement a new FIX Gateway and FIX messaging for trade registration, cancellation, and end-of-day price reporting.

Market Infrastructure

NZX Set to Introduce Third-Party Clearing in Derivatives Market

By Thisanka Siripala | 05/03/2025

Clearing Participants will be able to clear and settle trades on behalf of other trading firms, allowing greater flexibility in the derivatives market.