Australia

Conduct, Culture & Accountability

AFCA to Speed Up Dispute Resolution With Early Merit Assessments

By Editors | 14/05/2022

Pilot tests conducted last year found that early merit assessments halved the time taken to resolve certain cases and reduced fees charged by up to 75 percent.

Cryptocurrency

CBOE Australia Commences Trading in First Three Crypto ETFs

By Editors | 13/05/2022

Cosmos launched a feeder ETF offering indirect bitcoin exposure. 21Shares and ETF Securities launched a bitcoin ETF and an ether ETF, offering direct exposure.

Clearing & Post-Trade

ASX Confirms Delay to Chess Replacement Go-Live Date

By Editors | 12/05/2022

ASX said a new go-live date will be determined after further planning with its technology partner and input from stakeholders.

CBDCs

Opposition to CBDC Based on Misconceptions, RBNZ Says

By Manesh Samtani | 11/05/2022

Respondents to the RBNZ’s consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.

Trading & Investment

ASIC to Issue Derivatives Reporting Consultation Soon

By Manesh Samtani | 11/05/2022

ASIC’s Alex Orgaz-Barnier says APAC regulators are targeting a common implementation date and alignment to the greatest extent possible.

Cybersecurity

Australian Court Penalises RI Advice Over Cybersecurity Failures

By Editors | 06/05/2022

The ruling is the first of its kind in Australia, and follows cyber incidents that occurred at authorised representatives of RI Advice between 2014 and 2020.

Payments & Settlements

Technology and Regulations Clash: Apple Vs EU Antitrust Law

By Peter Guy | 05/05/2022

European Commission has not shown cause for anti-trust allegations as consumers strongly support Apple payment technology, writes Peter Guy.

Payments & Settlements

RBA Calls on Major Banks to Enhance NPP Services

By Editors | 05/05/2022

The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.

Emerging Prudential Risks

APRA Scraps Expectations on Negative Rate Preparedness

By Editors | 04/05/2022

Banks asked for an extension on a 31 July 2022 deadline, citing market conditions and resource pressures due to other priorities.