OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Reserve Bank approves sale of AMP Life
The Reserve Bank has approved the proposed sale of AMP Life to Resolution Life, in a revised arrangement that is subject to a number of conditions imposed to protect policyholders. The Reserve Bank has been…
Update on APRA’s Westpac Investigation
The Australian Prudential Regulation Authority (APRA) has delegated certain enforcement powers to the Australian Securities and Investments Commission (ASIC) in connection with the agencies’ investigations into matters arising from AUSTRAC’s proceeding against Westpac Banking Corporation1.…
APRA Releases Quarterly Authorised Deposit-Taking Institution Statistics for…
The Australian Prudential Regulation Authority (APRA) has released the Quarterly Authorised Deposit-taking Institution (ADI) Performance and the Quarterly Authorised Deposit-taking Institution Property Exposures publications for the quarter ending March 2020. The banking system remained resilient…
APRA Commences New Data Collection to Assess Temporary…
The Australian Prudential Regulation Authority (APRA) is launching a new data collection to assess the progress and impact of the Government’s temporary early release of superannuation scheme. From next week, registrable superannuation entity (RSE) licensees…
Minutes of the Monetary Policy Meeting of the…
Members Present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM (by video), Wendy Craik AM (by video), Ian Harper (by video), Steven Kennedy PSM, Allan Moss AO, Carol Schwartz AO (by video), Catherine Tanna (by video) Others Present Luci Ellis (Assistant Governor, Economic), Christopher Kent (Assistant Governor,…
APRA Adapts 2020 Agenda to Prioritise COVID-19 Response
The Australian Prudential Regulation Authority (APRA) has suspended the majority of its planned policy and supervision initiatives in response to the impact of COVID-19. The decision is intended to allow APRA-regulated entities to dedicate time…
Statement by the Council of Financial Regulators –…
As Australia's financial system adjusts to the coronavirus (COVID-19), financial regulators and the Australian Government are working closely together to help ensure that Australia's financial markets continue to operate effectively and that credit is available…
ASIC bans Perth SMSF adviser
ASIC has banned Perth-based adviser Wayne Blazejczyk from providing financial services for five years for failure to meet best interests obligations when providing advice on self-managed super funds (SMSFs). This follows an ASIC surveillance of…