Australia

Capital / Liquidity

RBNZ Outlines Path Ahead for Deposit Taker Regulations

By Manesh Samtani | 02/05/2025

RBNZ details next steps for new deposit taker rules, including liquidity, disclosure, and depositor compensation. Decisions on capital rules will come later.

Crypto / Digital Assets

Australia NASC Reports Surge in Phishing Scams, Financial Losses

By Sanday Chongo Kabange | 02/05/2025

The NASC has recorded an increase in phishing scams, resulting in losses of AUD 11.1 million from 1 January to 23 March this year.

Fintech / Regtech

ACCC Authorises AusPayNet, AP+ to Engage on Payments Infrastructure 

By Sanday Chongo Kabange | 02/05/2025

ACCC has given AusPayNet, AP+ and others interim approval to share information relating to the future development of Australia’s payments infrastructure.

Enforcement

ASX Outlines CHESS Resourcing Plan in Response to RBA Rebuke

By Sanday Chongo Kabange | 02/05/2025

ASX has committed to a series of actions to further strengthen its resourcing arrangements for the maintenance and support of CHESS.

AML / KYC

AUSTRAC to Cancel Registrations of Inactive Crypto Exchanges

By Sanday Chongo Kabange | 01/05/2025

Around a quarter of Australia’s 400-plus registered digital currency exchanges are believed to be inactive, and at risk of being co-opted by criminals.

Crypto / Digital Assets

AFCA Calls Out Inconsistent Scams Response Across Financial Industry

By Manesh Samtani | 30/04/2025

AFCA is urging FIs to bolster their scam response teams with adequate resources to effectively combat scams and boost consumer confidence.

Fintech / Regtech

NZ FMA Announces First Six Firms That Will Join Pilot Sandbox

By Manesh Samtani | 30/04/2025

Six firms will test new products and services in a controlled environment, helping the FMA to gain greater insights into new technologies.

Market Infrastructure

NZX Consults on BCP, Disaster Recovery Plan Requirements

By Sanday Chongo Kabange | 30/04/2025

NXZ and NZX Clearing are consulting on requirements for market participants when developing BCPs and disaster recovery arrangements.

Fintech / Regtech

Australia Developing Standard Instruction Format for NPP Payments

By Sanday Chongo Kabange | 29/04/2025

AP+ has provided an update on its work to facilitate the migration from the BECS, which is being decommissioned, to the NPP.