Australia

Market Abuse

Australian Regulator Seeks Power to Intercept Calls, Data

By Editors | 29/10/2014

The Australian Securities and Investment Commission is lobbying for expanded powers to receive telecommunications data from law enforcement bodies to fight financial crime.

Payments & Settlements

Australia Eyes Real-time Pay Methods

By Editors | 23/10/2014

The Reserve Bank of Australia and the banking industry are looking to change the payment methods in the country to deliver real-time, accessible fund transfers to the community.

Structural Regulation

Australian Regulator Clarifies Rules for Foreign Firms Offering Securities

By Editors | 14/10/2014

Australian Securities and Investments Commission has issued guidelines for foreign companies making offers of CHESS Depository Interests (CDIs) over their shares and options to investors in Australia.

Structural Regulation

Making Compliance and Regulation a Competitive Advantage

By Peter Guy | 24/09/2014

Proactive strategies for optimising compliance systems will play a key role in bank business development.

KYC & CDD

New Zealand Banks Balk at Global Initiative Similar to FATCA

By Editors | 23/09/2014

New Zealand could be an early adopter of the multilateral follow-up to the controversial United States Foreign Account Tax Compliance Act (FATCA), but local banks are raising concern about the readiness of the sector for such initiative.

Capital Adequacy

Australian Regulator Issues New Guidelines on Disclosure Reforms

By Editors | 17/09/2014

The Australian Prudential Regulation Authority has released for industry consultation a paper that outlines the new disclosure requirements for authorised deposit-taking institutions.

Structural Regulation

Australia, Singapore Agree on Access to OTC Derivatives Data

By Editors | 17/09/2014

The Australian Securities and Investments Commission and the Monetary Authority of Singapore is giving each other access to relevant data from trade repositories licensed in either markets under new agreement.

Capital Adequacy

Australia’s Regulator Urges G20 to Tackle Big Bank Risks

By Editors | 17/09/2014

Australia’s new chief banking regulator has urged the G20 nations to continue to work on reducing risks of large banks’ failures, citing the need to strengthen current risk-based regime and boost banks’ capacity to absorb losses.

Structural Regulation

Australian Regulator Grants First Trade Repository Licence

By Editors | 16/09/2014

Australian Securities and Investments Commission has granted an Australian derivative trade repository licence to DTCC Derivatives Repository (Singapore) Pte Ltd (DDRS), the first licence of its kind in the country.