Australia

Australian regulator proposes next steps on regtech

ASIC, the Australian regulator, will establish a new regtech industry liaison network, conduct a number of new technology trials using regtech applications and establish a...

Australia embrasses sandbox approach with world-first licensing exemption for FinTechs

ASIC has today released class waivers to allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or...

Australian bank must conduct independent compliance review following breaches and $4.5m penalty

The Australian Securities and Investments Commission (ASIC) has published a statement with regard to imposing additional measures for ANZ as a result of several shortcomings,...

Australian regulator imposes additional licence conditions on investment bank

The Australian regulator ASIC has imposed additional conditions on the Australian financial services (AFS) licence of Macquarie Bank Limited (Macquarie). The additional conditions were imposed on...

Australian regulator accuses bank of rate fixing

The Australian Securities and Investment Commission (ASIC) has today commenced legal proceedings in the Federal Court in Melbourne against the Australia and New Zealand Banking Group...