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Climate Risk
RBA Calls on FIs to ‘Act Now’ to Address Climate Risk
By Manesh Samtani | 25/08/2022
All insurers, banks and super fund trustees face liability risk if they do not disclose, address and manage the effects of climate change sufficiently.
Conduct, Culture & Accountability
CA ANZ Commences Review of Professional Conduct Framework
By Editors | 25/08/2022
The review will ensure the professional conduct framework for chartered accountants remain robust and in line with best practice.
Structural Regulation
New Monitoring Body Concludes First Review of ASIC
By Editors | 25/08/2022
ASIC requires a substantial uplift in its data and technology capability, the FRAA says in its first review of ASIC as a regulator.
Structural Regulation
RBNZ to Restrict Foreign Banks’ Branches from Retail Business
By Sanday Chongo Kabange | 25/08/2022
The RBNZ also proposes to limit the maximum size of a branch of an overseas bank to NZD 15 billion (USD 9.3 billion) in total assets.
Conduct, Culture & Accountability
ASIC Outlines Strategic Priorities in New Corporate Plan
By Sanday Chongo Kabange | 24/08/2022
ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.
Conduct, Culture & Accountability
Australia to Increase Max Penalties for Anti-Competitive Conduct
By Sanday Chongo Kabange | 23/08/2022
The maximum penalties for breaches of competition and consumer laws companies are being raised five-fold for both individuals and corporates.
Cryptocurrency
Australia Set to Begin Consultation on Crypto Regulation
By Editors | 23/08/2022
Treasury will prioritise ‘token mapping’ work in 2022, to help identify how crypto assets and related services should be regulated. A consultation will be released “soon”.
Custody & Infrastructure
ASX, Zerocap Complete Digital Asset Custody POC
By Editors | 18/08/2022
The project will support custody on Synfini, ASX’s new DLT-as-a-Service platform, for any tokenised asset, including crypto.
Structural Regulation
RBA to Establish Panel of Economists to Aid Policymaking
By Editors | 18/08/2022
The first meeting of the new panel is planned for 6 October, to discuss economic challenges and the appropriate role of forward guidance in monetary policy.
Cryptocurrency
ASIC Concerned by Extent of Retail Investors Exposed to Crypto
By Editors | 18/08/2022
ASIC chair Joe Longo says better investor protections are needed after a survey of retail investors founr 44 percent were holding cryptocurrency.
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