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Clearing & Post-Trade
RBA Expresses Concerns Over CHESS System Delays in ASX Assessment
By Editors | 02/10/2022
ASX recorded a “strike” against the adoption of its remuneration report, which included a A$1.2mn bonus for former CEO Dominic Stevens despite the CHESS replacement delay.
Credit Risk
RBNZ Seeks Feedback on Risk Weighting Requirements
By Editors | 02/10/2022
The proposed changes are designed to clarify risk weighting requirements under the RBNZ’s bank capital adequacy rules.
Conduct, Culture & Accountability
New Zealand Consults on Regulations to Support CoFi Regime
By Editors | 01/10/2022
Two consultations have been issued, including an exposure draft on regulations defining prohibited volume-based sales incentives.
Climate Risk
Australian Investors Demand Further Climate Reforms
By ESG Investor | 30/09/2022
The Investor Group on Climate Change has outlined “high priority policies“ needed to “unlock capital” for Australia’s net zero transition.
Data Privacy
Australia Proposes Framework to Enable CDR ‘Action Initiation’
By Editors | 30/09/2022
Consumers would be able to instruct businesses to make payments, open and close accounts, switch providers, and update personal details on their behalf.
Structural Regulation
FMSB, ASIC Agree to Jointly Promote Financial Market Integrity
By Editors | 29/09/2022
The FMSB will consult with ASIC on its annual strategy refresh and provide details about forthcoming drafts of proposed standards, statements of good practice and other publications.
Resolution & Recovery
New Zealand Introduce Bill to Enhance Depositor Protections
By Editors | 28/09/2022
The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers’ directors.
Anti-Money Laundering
AUSTRAC Identifies Emerging AML Risks Facing Super Funds
By Sanday Chongo Kabange | 28/09/2022
Super funds are exposed to cyber crime, as well as AML risks resulting from the growth in merger activity across the sector.
Conduct, Culture & Accountability
ASIC Finalises Guidance on Completing Timely Remediations
By Editors | 28/09/2022
ASIC says it should not have to oversee remediations in order for consumers to receive fair and timely outcomes.
Structural Regulation
NZ FMA Proposes to Update Guidance on Broker Obligations
By Editors | 28/09/2022
The FMA is proposing to update its 2014 guidance to align with regulatory updates and incorporate additional guidance for custodians.
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