Australia

AI Risk & Governance

ASIC Issues Robo-advice Consultation

By Samuel Riding | 22/03/2016

Consultation paper and draft regulatory guide cover licensing and advice to retail clients.

Credit Risk

APRA to Investigate Mortgage Rule Breaches

By Samuel Riding | 21/03/2016

Australian banking regulator will look into whether borrowers are circumventing tightened lending policies.

Market Abuse

ASIC Begins Legal Proceedings against ANZ in Rate-rigging Case

By Samuel Riding | 04/03/2016

Regulator alleges bank sought to benefit from movements in bill swap reference rate.

Conduct, Culture & Accountability

ASIC Objects to Advisers ‘Independence’ Claims

By Samuel Riding | 03/03/2016

Australian regulator asks three firms to ‘remove or amend’ claims about their independence.

Market Risk

APRA Consults on Non-centrally Cleared Derivative Margins, Risk Mitigation

By Samuel Riding | 26/02/2016

Regulator expects only a small number of institutions to exceed proposed minimum qualifying levels.

Trading & Investment

Australia Regulators Propose New Interbank Rate Benchmark

By Samuel Riding | 15/02/2016

Mechanism based on volume-weighted average price to be introduced by end-2016.

Cybersecurity

Australia to Tighten Mobile Wallet Supervision

By Samuel Riding | 29/01/2016

Trade body wants digital wallet providers to sign new security protocol.

Capital Adequacy

The Regulatory Outlook for Australia

By Wolters Kluwer Financial Services | 15/01/2016

How integrated data, closer connectivity between risk and finance and new technology address the challenges Australian institutions face.

Capital Adequacy

Australian Banks Welcome BCBS Clarity

By Samuel Riding | 14/01/2016

Industry association sees greater certainty as Basel Committee targets no ‘significant increases’ in capital requirements.