Australia

ANZ to Refund $22mn in Fees, Interest

By Samuel Riding | 06/09/2016

Bank charged fees on payments between accounts held by the same customer.

Market Infrastructure

ASIC Publishes ‘Robo-advice’ Guidelines

By Samuel Riding | 31/08/2016

Guidance covers licensing through to actual advice provision.

Capital / Liquidity

APRA Finalises Capital Buffer Guidance

By Samuel Riding | 31/08/2016

ADIs should hold conservation buffer of 2.5% of RWA, rising to 3.5% for D-SIBS.

Australian Treasurer Rejects Call for Banking Inquiry

By Samuel Riding | 26/08/2016

Scott Morrison says sector should focus on improving culture to prevent misconduct.

AML / KYC

New Zealand-China AML Operation Nets $31mn

By Samuel Riding | 24/08/2016

Forfeiture the largest ever in New Zealand and first related to crimes alleged to have occurred in China.

Market Infrastructure

APRA Defers Non-centrally Cleared Derivatives Standard

By Samuel Riding | 22/08/2016

Letter to regulated entities says CPS 226 implementation deferred due to international delays.

AML / KYC

Australian Banks Reject Open Data Call

By Samuel Riding | 22/08/2016

Gap between fintech and traditional banking made clear in responses to Productivity Commission inquiry.

Australian Banks Face US Civil Action on Alleged Rate Rigging

By Samuel Riding | 19/08/2016

Civil claim accuses lenders of racketeering, wire fraud and collusion; cites ASIC investigations.

Crypto / Digital Assets

ASX Advances Blockchain Development

By Samuel Riding | 18/08/2016

Permission-based network due to replace electronic sub-register.