Australia

Structural Regulation

New Zealand Consults on Disclosure Duties of Charities

By Editors | 27/09/2015

New Zealand’s Financial Markets Authority has issued a consultation paper on whether charities issuing debt securities should be subject to standard disclosure obligations.

Structural Regulation

New ASIC Funding Proposal May Hurt Stockbrokers

By Editors | 26/09/2015

The Stockbrokers Association of Australia has warned that proposals to increase industry funding of the corporate regulator may impose greater costs on brokerage firms, prompting more industry rationalisation and stifling innovation.

Structural Regulation

APRA Consults on Points of Presence Statistics

By Editors | 25/09/2015

The Australian Prudential Regulation Authority has released a consultation package proposing to either streamline or cease the Points of Presence statistics and data collection.

Anti-Money Laundering

Aussie Banks Force Bitcoin Operators Out of Business

By Editors | 25/09/2015

Australia’s major banks are closing accounts of bitcoin companies, citing compliance risks resulting from tougher anti-money laundering and counter-terrorism financing rules.

Structural Regulation

Australia Consults on Lower Income Consumer Credit

By Editors | 25/09/2015

The Australian government is requesting comment from the public on small amount credit contract laws to ensure that the regulatory framework strikes the right balance between consumers and lenders.

Anti-Money Laundering

Bank of Queensland Investigated by ASIC over Compliance Failures

By Editors | 23/09/2015

The Australian Securities and Investment Commission has concerns over its risk management and compliance systems.

Cryptocurrency

ASIC Sees Opportunities with Blockchain Technology

By Editors | 21/09/2015

Australian Securities and Investment Commission chairman Greg Medcraft says the emergence of blockchain technology has the potential to change the existing financial system.

Emerging Prudential Risks

Pakistan Regulators Collaborate on Supervision

By Editors | 20/09/2015

Pakistan is considering creating a Council of Financial Regulators that will provide a forum for open dialogue and discussion between regulators on financial markets.

Liquidity Risk

Australia Bank Funding Costs Set to Increase

By Editors | 19/09/2015

The Australian Prudential Regulatory Authority has said banks will need to fund themselves with more expensive long-term debt over time to reduce risk to the financial system.