Australia

ASIC Issues IPO Due Diligence Report

By Samuel Riding | 15/07/2016

Poor due diligence correlates with defective prospectus disclosures, study finds.

Securities / Derivatives

ASIC Consults on Market, Securities Class Orders

By Samuel Riding | 14/07/2016

Regulator proposes to remake nine instruments, vary or repeal three.

Market Infrastructure

APRA Defines HQLA for Coverage Ratio

By Samuel Riding | 14/07/2016

Regulator says it will continue to develop and vary its definition if warranted.

AML / KYC

ABA Sets up Pay and Commissions Review

By Samuel Riding | 13/07/2016

Review will also look at payments to third parties including mortgage brokers.

ASIC Details Alleged NAB Rate-rigging

By Samuel Riding | 11/07/2016

Australian banks should improve compliance as series of scandals emerges, regulator says.

AML / KYC

ABA Launches Code of Practice Review

By Samuel Riding | 08/07/2016

Bankers’ association to revamp guidelines for treatment of individuals and small businesses.

ASIC Warns on Unlicensed OTC

By Samuel Riding | 07/07/2016

Securities regulator has contacted 40 unlicensed operators, 21 have taken remedial measures.

Market Infrastructure

Concentration Risk Could Threaten Banking Collapse – APRA

By Samuel Riding | 27/06/2016

Commonwealth Bank, Westpac, National Australia Bank and ANZ together have 80% market share.

Market Infrastructure

Australia Stress-testing Building Societies, Credit Unions

By Samuel Riding | 24/06/2016

APRA test hypothesises -4% GDP, 13% rise in unemployment, 40% drop in house prices.