Australia

APRA Cautions Banks Against Increased Home Lending

By Editors | 14/05/2015

The Australian Prudential Regulation Authority (APRA) chairman Wayne Byres warns that authorities will step up scrutiny and monitoring of banks that will continue to lend aggressively to the housing sector.

ASIC Calls for Tougher Penalties Against White-Collar Crimes

By Editors | 12/05/2015

Australia’s chief securities regulator wants to introduce tougher criminal penalties for financial crimes so market participants are forced into following the law.

RBA Paper Cautions on Bank Lending Standards

By Editors | 11/05/2015

Regulators should pay close attention to banks’ lending standards and risk profile of borrowers to avert massive credit losses in banks in times of economic shocks, a Reserve Bank of Australia (RBA) paper revealed.

ASIC Repeals Certain Market Integrity Rules

By Editors | 04/05/2015

Australian Investments & Securities Commission has refined its market integrity rules by removing certain unnecessary compliance requirements on market participants.

Dollar Spikes Reflect ‘Normal Market’, Says ASIC in Preliminary Report

By Editors | 03/05/2015

Spikes in the Australian dollar ahead of Reserve Bank interest rates decisions were the result of lower liquidity in the market before announcements are made, Australian Securities & Investments Commission said in a preliminary finding.

Australian Government Debt Rating to Impact Banks

By Editors | 28/04/2015

Australia’s Financial System Inquiry has urged local banks to boost their capital position amid risk that the federal government could lose its triple-A credit rating.

ASIC Expands Investigation on UBS over NSW Privatization Report

By Editors | 19/04/2015

The Australian Securities and Investments Commission’s investigation on UBS, a key adviser on the privatisation of NSW Coalition, now involved interviews with top officials at the bank including its Australia chief executive Matthew Grounds.

Australia’s ASIC Investigates Wealth Managers over Advice Fees

By Editors | 16/04/2015

The Australian Securities and Investments Commission (ASIC) is investigating some of the country’s biggest wealth managers for charging clients for financial advice even when no advice has been provided.

ASIC Seeks Reforms in Dealing with Client Legal Privilege

By Editors | 07/04/2015

The Australian Securities & Investments Commission is seeking reforms that would prevent people from making unsubstantial claims of client legal privilege that could delay investigations into breaches of the corporation law.