Australia

APRA Consults on Super Fund Governance Arrangements

By Editors | 02/09/2015

Consultation package proposes changes to governance and prudential framework in light of proposed legislative amendments requiring more board independence at super funds.

ASIC’s Biggest Concern – Culture and Conduct

By Editors | 02/09/2015

The Australian Securities and Investment Commission has published its latest three-year corporate plan, highlighting gatekeeper conduct and poor financial advice as some of its biggest concerns.

RBA Issues Corporate Plan for 2015/2016

By Editors | 02/09/2015

The Reserve Bank of Australia has issued its 2015/2016 corporate plan describing its objectives and strategies the year.

Australia Payments System Board signs MoU with Payments Council

By Editors | 01/09/2015

The Memorandum of Understanding sets out a framework for engagement between the two bodies and will enhance industry coordination in dealing with cooperative issues that arise in the payments system.

No Desire for City-Specific Lending Controls, says APRA

By Editors | 31/08/2015

The Australian Prudential Regulation Authority is down-playing its desire for city-specific lending restrictions to cool Sydney and Melbourne property prices.

Industry Funding Model Proposed for Australian Regulator

By Editors | 28/08/2015

ASIC releases consultation paper proposing an industry funding model where regulatory costs will be recovered directly from banks, listed companies and the financial services sector.

New Zealand to Update Outsourcing Policy for Banks

By Editors | 28/08/2015

The Reserve Bank of New Zealand has released a consultation paper with proposals to update its outsourcing policy for banks.

ASIC Issues Third Report on Corporate Finance Regulation

By Editors | 24/08/2015

The Australia Securities and Investment Commission has published its third report detailing the approach it takes to the regulation of corporate finance issues.

New Mortgage Lending Rules to Take Effect in New Zealand

By Editors | 24/08/2015

The Reserve Bank of New Zealand has published its final policy positions for changes to Loan-to-Value Ratio restriction rules, requiring a 30 percent deposit from Auckland rental property investors to secure mortgages.