Australia

Capital Adequacy

Australian Banks Need to Set Aside More Capital, Says Murray report

By Editors | 08/12/2014

Australian banks may have to hold more capital to ensure it can survive future financial crises, according to the Financial System Inquiry report.

Cloud & Infrastructure

Australia Promotes Digitization, New Media to Engage Investors

By Editors | 28/11/2014

Australian Securities and Investments Commission said it aims to develop innovative, digital financial product disclosures as part of a broader program to use new media to engage investors.

Fraud, Scams & Cybercrime

Cyber Crime a Growing Focus for Regulators, Says ASIC’s Medcraft

By Editors | 26/11/2014

Australian Securities and Investments Commission chair Greg Medcraft said the threat of cyber crime was a growing focus for regulators around the world, and it had become a “fact of life” in the financial markets that it regulates.

Payments & Settlements

China Allows Launch of RMB Clearing Service in Australia

By Editors | 19/11/2014

China has allowed Australia to clear renminbi trades in a bid to boost increased economic cooperation between the two countries.

Market Abuse

Australia’s ANZ Suspends Traders Over Rate Rigging

By Editors | 19/11/2014

ANZ, one of Australia’s major banks, has suspended seven traders pending completion of an investigation into potential rigging of key interbank interest rates.

Structural Regulation

Australian Regulator Plans to Cut Red Tape and Boost Disclosures

By Editors | 17/11/2014

Australian Securities and Investments Commission has issued guidelines aimed at making it easier for businesses to deliver financial services disclosures electronically.

Credit Risk

Australian Regulator Issues Guide on Residential Mortgage Lending

By Editors | 06/11/2014

The Australian Prudential Regulation Authority has released a guide for banks and other deposit-taking institutions on sound risk management practices for residential mortgage lending.

Liquidity Risk

Australian Banks Ask Inquiry to Consider Costs of Liquidity Rules

By Editors | 06/11/2014

Top officials at Australia’s largest banks are reiterating their calls for the Financial System Inquiry to consider the cost of imposing higher capital requirements on banks to counter systemic risks.

Credit Risk

Australian Regulator Issues New Guidelines on Responsible Lending

By Editors | 05/11/2014

Australian Securities and Investments Commission (ASIC) has clarified the role of credit licensees in lending to clients under a new guidelines it published recently.