Australia

Enforcement

ASIC Fines Equity Trustees for Misleading Investment Statements

By Sanday Chongo Kabange | 22/06/2025

ASIC fined Equity Trustees for allegedly making misleading statements about investments made by a green and sustainable bond fund.

Market Infrastructure

APRA Finalises Guidance on Treating Borrowers with Student Debt

By Sanday Chongo Kabange | 20/06/2025

The new reporting standard and regulations offer guidance on how ADIs should treat HELP debt repayments when assessing home loan applications.

Sanctions

New Zealand Expands Sanctions Net to Russia’s ‘Shadow Fleet’

By Editors | 20/06/2025

New Zealand broadens Russia sanctions to target ‘shadow fleet’ along with individuals and entities in North Korea, Iran, and Belarus.

Enforcement

ACCC Fines NAB Over CDR Data Quality Issues

By Sanday Chongo Kabange | 19/06/2025

The ACCC said NAB’s payment of the penalties is the highest amount paid for alleged contraventions of the CDR rules to date.

Fintech / Regtech

“Perfect Storm” of Operational Risks Brewing: APRA Official

By Thisanka Siripala | 19/06/2025

APRA’s Chris Gower said geopolitics, cyber threats, and third-party reliance create operational resilience challenges for the financial sector.

Enforcement

ASIC Targets Misconduct in Consumer Credit and Car Finance Sectors

By Thisanka Siripala | 18/06/2025

Commissioner Alan Kirkland said ASIC is prioritising consumer credit protection, focusing on predatory lending, hardship assistance, and debt management

Market Infrastructure

New Zealand FMA Gives NZX Top Marks in Latest Review

By Sanday Chongo Kabange | 18/06/2025

Only two recommendations were made, one around testing participant resilience and the other around assessing system recovery arrangements.

APRA Proposes Updates to Naming Exemptions Under Banking Act

By Sanday Chongo Kabange | 18/06/2025

APRA is proposing to remake two instruments under the Banking Act instruments and allow one to subset in October.

Sanctions

Australia, UK, EU and Canada Tighten Sanctions on Russia

By Manesh Samtani | 18/06/2025

The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.