The Council of Financial Regulators has pushed ahead on reforms to financial market infrastructures, including enhancement of its licensing regimes as well as its supervision and enforcement powers.
The council released a consultation paper proposing sets of reforms across three categories:
“Financial market infrastructures include Australian market licensees, benchmark administrator licensees, clearing and settlement facility licensees and derivative trade repository licensees,” the CFR said.
“These infrastructures provide critical services relied upon by investors and businesses in order to raise capital and finance, borrow and lend funds, invest in equities and debt securities and manage the risks associated with their activities.”
The CFR has sought comments on the proposals. The closing date for submissions is 20 December.
Details of the proceedings that led to Mayfair 101 entity IPO Wealth being liquidated have been spilled by the trustee, with a review contai...
Senator Andrew Bragg has said the Liberal Party was wrong for initially voting against a number of wealth reforms as well as the royal commi...