Australia

Cloud & Infrastructure

APRA Warns Banks of Cloud Computing Risks

By Editors | 08/07/2015

The Australian Prudential Regulation Authority has highlighted new risks being created as the banking industry makes greater use of cloud computing to cut costs and compete with technology-based rivals.

Trading & Investment

New Zealand Consults on Risk Indicators for Managed Funds

By Editors | 08/07/2015

New Zealand’s Financial Markets Authority has issued a consultation paper on risk indicators and descriptions of managed funds.

Capital Adequacy

Aussie Banks Sell Stakes in Other Banks to Boost Capital

By Editors | 07/07/2015

Australian banks are actively looking to offload their equity stakes in foreign banks in anticipation of higher mortgage risk weightings being announced later this month.

Conduct, Culture & Accountability

Australia Financial Planning Sector Reforms to be Announced in August

By Editors | 04/07/2015

Reforms to lift ethics, education and professionalism in the scandal-ridden financial planning industry are set to be released in August.

Capital Adequacy

Regulator to Respond on Raising Capital Levels at Australian Banks

By Editors | 03/07/2015

The Australian Prudential Regulation Authority is expected to respond this month (July) to Financial System Inquiry recommendations urging it to increase bank capital.

Structural Regulation

Super Funds to Require More Independent Directors

By Editors | 30/06/2015

The Australian Prudential Regulatory Authority will amend its prudential standards to support the effective implementation of government proposals to improve independence of super fund governance.

Structural Regulation

ASIC Blocks Interactive Brokers from FX Business in Australia

By Editors | 24/06/2015

The Australian Securities & Investments Commission has told Interactive Brokers to stop offering over-the-counter currency trading in Australia as it does not have the right license to operate.

Emerging Prudential Risks

Asset Managers Do Not Pose Systemic Risk, Says Medcraft

By Editors | 23/06/2015

Australian Securities and Investments Commission chairman Greg Medcraft dismisses concerns that large asset managers pose a systematic risk to the financial system.

Cryptocurrency

Aussie Banks Test Digital Currency Ripple as New Payments Technology

By Editors | 19/06/2015

ANZ Bank and Westpac have joined Commonwealth Bank in testing new payments technology from US-based group Ripple Labs, representing a possible transformation of the payments industry.