Australia

Australia Govt Responds to Financial System Inquiry

By Editors | 21/10/2015

Australia’s Government has announced the release of its response to the Financial System Inquiry, in which it details its acceptance of the overwhelming majority of the Inquiry’s recommendations.

APRA Releases FAQs on Super Fund Governance Consultation

By Editors | 19/10/2015

The Australian Prudential Regulation Authority has released a set of FAQs responding to questions raised in relation to its consultation package on super fund governance arrangements.

RBA Designates Payment Systems for Regulatory Review

By Editors | 18/10/2015

The Reserve Bank of Australia has announced it has designated a number of card companies under the Payment Systems Act.

Super Funds Oppose Plan for Independent Directors

By Editors | 16/10/2015

Union-backed superannuation funds are urging Australia’s prime minister to scrap new legislation which would force them to ensure that one-third of directors including the chairman are independent.

Super Funds, Tax Policy Holding Back Bond Market

By Editors | 16/10/2015

David Murray has pointed the finger at superannuation fund trustees and a distortive tax system for Australia’s underdeveloped corporate bond market, which he says is hurting companies and retirees.

ASIC Extends Deadline for Phase 3B Reporting Entities

By Editors | 11/10/2015

The Australian Securities and Investment Commission has extended the deadline for Phase 3B Reporting Entities to start reporting derivative transactions until December 4, 2015.

ASIC Reports on Market Integrity Achievements

By Editors | 07/10/2015

Report highlights continued investment in technology as a main factor helping it to identify complex crimes and patterns of behaviour.

APRA Grants $245Bn Liquidity Facility to Aussie Banks

By Editors | 07/10/2015

The Australian Prudential Regulation Authority has released aggregate results on the secured Committed Liquidity Facility that financial institutions have established with the Reserve Bank of Australia.

New Zealand Reports on First Year of New Conduct Regime

By Editors | 04/10/2015

The Financial Markets Authority has issued the first annual report under the new Financial Markets Conduct Act, highlighting progress in delivering a modern and flexible approach to regulating financial services.