Australia

Following on from our previous Regulation Around the World issue on buy now pay later (BNPL), we have published this short briefing note which provides a high-level snapshot of the state of play for BNPL legislation in three key markets – UK, US and Australia.

On 19 June 2024, the Network for Greening the Financial System (NFGS) issued the second edition of its guide on climate-related disclosure for central banks.

The main objective of the guide is to offer practical support and inspiration to central banks that are taking their first steps in climate-related disclosure. It also

On 14 June 2024, the Financial Stability Board (FSB) issued a press release following its Plenary in Toronto.

Key points in the press release include:

  • The Plenary discussed the progress made on the key international work following up on the March 2023 turmoil. Members look forward to the completion of this work and

On 3 June 2024, the International Organization of Securities Commissions (IOSCO) issued a final report – Leveraged Loans and Collateralised Loan Obligations (CLOs) Good Practices for Consideration.

The final report reflects the results of a public consultation launched on 14 September 2023.

In the final report IOSCO provides an overview

Authors: Liz Hastilow, Ray Giblett, James Morris, Rajaee Rouhani, Stephen Lee, Jeremy Moller, Charles Nugent-Young, Merren Taylor, Timothy Chan, Joshua Kan, Steven Li, Liam Mackay and Mia Blundell.

Regulatory activity in the financial services sector picked up between February and April 2024. Notably, ASIC made an opening statement before the public inquiry into insurers’ responses

On 16 May 2024, the Basel Committee on Banking Supervision (Basel Committee) published a report on the implications of the digitalisation of finance on banks and supervision.

The report builds on the Basel Committee’s 2018 paper, Sound practices: implications of fintech developments for banks and bank supervisors and takes stock of recent developments

On 13 May 2024, the Basel Committee on Banking Supervision (Basel Committee) issued a press release confirming that the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee, met on 13 May 2024. It states that the GHOS welcomes the progress made in

On 29 April 2024, the Committee on Payments and Market Infrastructures (CPMI) published a Report on service level agreements for cross border payment arrangements, with recommendations and key features. The Report has been informed by a stocktake of existing cross-border arrangements and regular exchanges with practitioners.

The Report outlines the complexity of the

On 17 April 2024, the Financial Stability Board (FSB) published a consultation report that sets out policy recommendations to enhance the liquidity preparedness of non-bank market participants for margin and collateral calls in centrally and non-centrally cleared derivatives and securities markets (including securities financing such as repo).

The FSB has published these recommendations