New securities depository a key building block for Australian ambitions, suggests ASX’s Helen Lofthouse.
Central bank also said to restrict transactions by foreign bankcard networks without domestic clearing licenses.
Cap on excess position limit could be increased 6-fold; 3-tier statutory position limit proposed.
Central bank has closed 15 lenders so far this year; aiming to strengthen local banks as presence of foreign institutions expands.
New regulation refines guidelines for instruments, participants and rates with the aim of prompting more transactions
Managing director says 1MDB scandal has damaged Singapore’s reputation as a financial centre.
APRA test hypothesises -4% GDP, 13% rise in unemployment, 40% drop in house prices.
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