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Capital / Liquidity
APRA Raises Macquarie’s Capital, Liquidity Requirements
By Editors | 02/04/2021
Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.
Securities / Derivatives
ASX Finalises, Defers Listing Rule Changes to June
By Editors | 01/04/2021
The listing rule changes deal with online forms, notification of security issues and corporate action timetables.
Fintech / Regtech
ACCC Gives NAB Green Light to Acquire Neobank 86400
By Ranamita Chakraborty | 01/04/2021
The ACCC’s decision is based on an assessment that the NAB acquisition is “unlikely to substantially lessen competition” in the market.
Capital / Liquidity
RBNZ Eases Restrictions on Bank Dividend Payouts
By Editors | 31/03/2021
The 50% dividend restriction will remain in place until 1 July 2022, at which point the RBNZ will seek to normalise the dividend settings.
AML / KYC
AUSTRAC Publishes Regulatory Guides on Strengthen AML Controls
By Editors | 31/03/2021
The regulatory gives cover governance, risk assessments, customer due diligence, IFTIs reporting, and correspondent banking relationships.
Enforcement
ASIC Reassesses Tools for Enforcing Disclosure Rules
By Ranamita Chakraborty | 30/03/2021
ASIC is assessing how changes to continuous disclosure laws will affect the practicality of issuing infringement notices.
ESG / Sustainability
RBNZ Makes Submission to Climate Change Commission
By Ranamita Chakraborty | 29/03/2021
The RBNZ emphasised the need to take a collective approach and for the firms it regulates to pay close attention to climate-related risks.
ASIC Makes Legislative Instruments on Adviser Requirements
By Ranamita Chakraborty | 29/03/2021
ASIC has introduced legislative instruments covering advice fee consents and lack of independence disclosure requirements.
APRA Releases Taxonomy for New Superannuation Data Submissions
By Editors | 28/03/2021
APRA has released the draft data dictionary, validations, reporting taxonomy and XML Schema Definition for new data submissions due to start in September.
Enforcement
Australia Delays National Consumer Credit Protection Act Reforms
By Ranamita Chakraborty | 28/03/2021
Whether or not responsible lending obligations are repealed, ASIC says it will enforce lending standards as part of its focus on consumer protection.
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