Australia

Market Infrastructure

NZX Working to Fix Technical Issues Caused by Heavy Trading

By Editors | 23/04/2020

NZX has said it is taking steps to address technical issues it has faced amid a four-fold surge in trading volumes since early in the year.

Capital / Liquidity

Banks Sufficiently Capitalised to Pay Dividend, says RBA Governor

By Manesh Samtani | 22/04/2020

Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.

Capital / Liquidity

RBNZ Proposes Removal of Mortgage Lending Restrictions

By Editors | 22/04/2020

The RBNZ intends to remove existing LVR restrictions for a period of one year, to help banks to keep lending to support customers, including with mortgage deferrals.

APRA Announces Reporting Requirement for Early Superannuation Release

By Editors | 21/04/2020

RSE licencees are asked to complete and submit APRA’s new Early Release Initiative data collection form on a weekly basis. The first data collection is due on 20 April.

APRA Announces Reporting Requirement for SME Guarantee Scheme

By Editors | 18/04/2020

Lenders approved to participate under the Scheme must complete the new returns on a weekly basis, with the first collection due on 1 May.

Capital / Liquidity

RBNZ Working with ANZ NZ to Improve Model Compliance

By Editors | 18/04/2020

The latest section 95 report identifies that 17 wholesale credit models and the operational risk capital model approach currently in use at ANZ NZ are not approved by the RBNZ.

Australian Court Upholds ASIC Product Intervention Order

By Editors | 16/04/2020

ASIC’s product intervention order prohibiting payday lenders to charge additional fees under separate contracts through associates remains in force.

Securities / Derivatives

ASIC Updates Guidance on Active ETF Internal Market Making

By Editors | 16/04/2020

Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.

APRA Announces New Commencement Dates for Prudential Standards

By Editors | 16/04/2020

The new commencement dates relate to initial margin requirements and APRA’s prudential standards on information security, credit risk management and related entity exposures.