Region: Australia

The bankruptcy of the world’s second largest cryptocurrency institution, FTX has prompted calls for fresh regulation for digital assets among what some are calling crypto’s “Lehman” moment.

14 November 2022

Practitioners have broadly welcomed a three-year roadmap from Australia’s prudential regulator for reviewing its prudential framework for group structures.

25 October 2022

In something of a volte face, the Australian Prudential Regulation Authority has announced a project to simplify and remove regulations that have become too hard to understand, in every area except crypto – where it will build out its framework.

14 September 2022

Australia’s recently-established review body for financial regulators has told the country’s securities regulator it needs a “substantial uplift” in its data and tech capabilities in order to meet the financial sector’s needs.

30 August 2022

Australia’s securities regulator has acknowledged “challenges” with its 10-month-old breach reporting regime, promising a disgruntled industry that compliance will get easier – as the country’s prudential regulator simultaneously updates its credit risk reporting standard.

11 August 2022

The chair of Australia’s prudential regulator has announced he will leave the post two years earlier than scheduled.

27 July 2022

Brisbane-based insurer Suncorp Group has agreed to sell its banking arm to Australia’s second-largest bank ANZ, with HSF and Ashurst advising.

20 July 2022

Australian firms will need to consider their chiefs’ non-financial performance in remuneration decisions, according to a new proposal from the country’s prudential regulator.

07 July 2022

The head of Australia’s prudential regulator has criticised banks for not keeping to climate guidance, as the country elects new leadership in what was dubbed the “climate election”.

01 June 2022

An Australian court has ruled for the first time that cybersecurity risks should be included in financial service licensees’ risk management obligations.

16 May 2022