Australia

Market Infrastructure

ASIC Investigates ASX Outage

By Samuel Riding | 20/09/2016

ASX says disruption was due to hardware failure and not a cyber-attack.

Capital / Liquidity

APRA to Revise Counterparty Credit Risk Framework

By Samuel Riding | 16/09/2016

Revisions aims to align framework with Basel changes.

AML / KYC

ASIC Releases Remediation Guidelines for Financial Advisers

By Samuel Riding | 16/09/2016

Measures aim to prevent systemic risk arising from advisers’ conduct.

AML / KYC

Australia Exempts Some Trusts from AML/CTF Law

By Samuel Riding | 08/09/2016

Exemptions apply to licensed trustees appointed under a will, power of attorney, or to act for incapacitated clients.

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.