Australia

Market Infrastructure

Australian Regulators Prescribe Open Access to ASX Clearing Services

By Manesh Samtani | 18/10/2020

According to sources, the guidance was issued to prevent ASX Clear from imposing requirements on NSX with respect to the standards of its listed companies.

AML / KYC

AUSTRAC Decides Against Afterpay Regulatory Action

By Editors | 15/10/2020

Afterpay has uplifted its AML/CTF compliance framework and financial crime function, and completed all remediation necessary to ensure compliance.

Market Infrastructure

Australian Regulators Urge Adherence to ISDA IBOR Fallbacks

By Editors | 14/10/2020

The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.

Almost Half of Deferred Loans Resume Repayments: ABA

By Editors | 14/10/2020

The ABA says 45% of deferred mortgages and 41% of small and medium business loans that had been deferred are back to making regular loan repayments.

Securities / Derivatives

SGX, NZX Seek Partnership to Fuel Growth in Dairy Derivatives

By Editors | 14/10/2020

The partnership with SGX will help NZX to unlock and accelerate growth in liquidity and market scale in its dairy derivatives market.

Capital / Liquidity

APRA to Align Prudential Standards with IAIS ComFrame

By Editors | 13/10/2020

APRA has designated QBE Insurance Group as an internationally active insurance group, which will promote coordination with other international supervisors.

AML / KYC

AUSTRAC Publishes Financial Crime Guide on Illegal Wildlife Trade

By Manesh Samtani | 11/10/2020

The guide offers indicators FIs can use in profiling and transaction monitoring to target, identify and stop financial transactions associated with illegal wildlife trafficking.

Securities / Derivatives

Australia to Assist Cambodia in Capital Markets Development

By Editors | 11/10/2020

The Australian government will provide technical assistance to develop a regulatory framework and market capacity for investment in infrastructure.

Securities / Derivatives

Australia Federal Budget Delivers Super Fund Accountability

By Editors | 09/10/2020

Super funds will be forced to enhance disclosures on fees and performance. Consistently underperforming super funds will be prohibited from receiving new members.