Australia

Enforcement

Time to Get Serious About Culture Risk Governance & Supervision

By Stephen Scott | 08/04/2025

More than five years after the Hayne Royal Commission, Australians are grappling with twin crises at ANZ and ASX, writes Stephen Scott.

Capital / Liquidity

RBNZ Invites Non-Bank Deposit Takers to Apply for ESAS Access

By Sanday Chongo Kabange | 08/04/2025

Non-bank deposit takers can use ESAS for payments and settlements, accessing HQLA, and for earning interest at the OCR.

Market Infrastructure

Australian Super Funds Hit by Coordinated Cyber Attack

By Editors | 07/04/2025

Four AustralianSuper accounts lost an estimated AUD 500,000 in combined savings as a result of the cyberattack.

New Zealand FMA Launches Review on Financial Advice Accessibility

By Thisanka Siripala | 04/04/2025

The review will inform the FMA’s approach to reducing regulatory burdens and enhancing the provision of financial advice across New Zealand.

AML / KYC

AUSTRAC v Entain: Key Lessons for Anti-Money Laundering Teams

By Nathan Lynch | 04/04/2025

AUSTRAC’s case against global sports betting behemoth Entain provides a raft of warnings for AML compliance teams, writes Nathan Lynch.

Enforcement

APRA Again Increases Capital Add-on Imposed on ANZ

By Sanday Chongo Kabange | 04/04/2025

ANZ has committed to addressing root causes that have contributed to risk governance shortcomings across the bank.

AML / KYC

AUSTRAC to Start Work on Second Draft on New AML/CTF Rules

By Sanday Chongo Kabange | 03/04/2025

AUSTRAC is reviewing over 100 submissions from last December’s consultation before releasing a second exposure draft on the new AML/CTF Rules.

Capital / Liquidity

RBA Adjusts Configuration of Open Market Operations

By Sanday Chongo Kabange | 03/04/2025

The changes will provide more of an incentive for banks to recycle reserves in private markets, reducing reliance on OMO for liquidity.

Capital / Liquidity

RBA Urges Banks to Utilise Overnight Facility for Liquidity

By Sanday Chongo Kabange | 02/04/2025

Banks are encouraged to use the RBA’s overnight standing facility if they cannot find liquidity on suitable terms in private markets or via weekly OMOs.