Australia

Conduct, Culture & Accountability

ABA Sets up Pay and Commissions Review

By Samuel Riding | 13/07/2016

Review will also look at payments to third parties including mortgage brokers.

Market Abuse

ASIC Details Alleged NAB Rate-rigging

By Samuel Riding | 11/07/2016

Australian banks should improve compliance as series of scandals emerges, regulator says.

Conduct, Culture & Accountability

ABA Launches Code of Practice Review

By Samuel Riding | 08/07/2016

Bankers’ association to revamp guidelines for treatment of individuals and small businesses.

Structural Regulation

ASIC Warns on Unlicensed OTC

By Samuel Riding | 07/07/2016

Securities regulator has contacted 40 unlicensed operators, 21 have taken remedial measures.

Emerging Prudential Risks

Concentration Risk Could Threaten Banking Collapse – APRA

By Samuel Riding | 27/06/2016

Commonwealth Bank, Westpac, National Australia Bank and ANZ together have 80% market share.

Credit Risk

Australia Stress-testing Building Societies, Credit Unions

By Samuel Riding | 24/06/2016

APRA test hypothesises -4% GDP, 13% rise in unemployment, 40% drop in house prices.

Capital Adequacy

Higher Capital Requirements Have Minimal Economic Impact – Report

By Samuel Riding | 23/06/2016

Think tank says Australian GDP would take only 0.01ppt hit from 100bp hike in capital requirement.

Structural Regulation

ASIC Flags OTC Derivatives Compliance Failures

By Samuel Riding | 21/06/2016

More than 70% of firms authorised to sell retail OTC derivatives said failing to meet requirements.

Structural Regulation

ASIC Confirms ASX Meets Regulatory Obligations

By Samuel Riding | 15/06/2016

Conclusion based on surveillance assessments and engagement with HK, Singapore regulators.