Date Title & Summary Topic Area
20-Dec-2012

AFMA Says Board of Taxation Should Call Time on LIBOR Cap

AFMA's submission to the Board of Taxation's review of tax arrangements applying to permanent establishments has called for the Board to recommend the immediate abolition of the 'LIBOR cap'.

Taxation
26-Nov-2012

AFMA Welcomes Release of Brokerage and Stamping Fees Regulations

Regulations have been released as part of the Future of Financial Advice (FOFA) reforms that exempt brokerage paid to representatives, and stamping fees connected to capital raisings, from the conflicted remuneration ban under FOFA.

Regulation
19-Nov-2012

New Market Integrity Rules on High Frequency Trading and Dark Pools

The market integrity rules announced today by the Minister for Financial Services and Superannuation, Bill Shorten, are a significant set of measures in response to the technological evolution of the markets.

Regulation
04-Oct-2012

Australia's Financial Markets Stable Despite Global Turbulence

The 2012 Australian Financial Markets Report released today shows Australia's financial markets largely held their ground and continued to serve the needs of the domestic economy well, despite ongoing periods of turbulence in major international markets.

Other
28-Sep-2012

AFMA Prime Banks Re-confirmed

The Australian Financial Markets Association today announced the conclusion of its 2012 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.

Other
29-Aug-2012

Financial Markets Welcome Carbon Price Floor Removal

The Australian Financial Markets Association (AFMA) welcomes the changes to the design of the Australian emissions trading scheme announced yesterday by the Australian Minister for Climate Change and Energy Efficiency, the Hon Greg Combet MP.

Other
20-Aug-2012

AFMA and RVS Achieve Key Milestone with End of Day Price Validation Service

AFMA and RVS enter into license agreement to establish AFMA RAVA. Rate Validation Services (RVS) today announced plans to launch a new rate validation service to the Australian banking industry with assistance from the Australian Financial Markets Association (AFMA). The agreement marks an important milestone for Rate Validation Services in their two-year development of an innovative price validation service covering every financial markets instrument in the Australian market place.

Other
13-Aug-2012

ASIC Automated Trading Consultation

ASIC has today released Consultation paper 184 which deals with automated trading.

Regulation
28-Jun-2012

ASIC Market Structure Reforms

With today's release of its draft Market Integrity Rules ASIC has confirmed that it has been responsive to industry concerns raised in relation to its wide ranging consultation on equity market reform.

Regulation
15-Jun-2012

Government Releases Draft FOFA Regulations for Stockbroking

The Government has released draft regulations that aim to minimise the impact of the Future of Financial Advice (FOFA) ban on conflicted remuneration in relation to stockbroking activities.

Regulation
25-May-2012

Financial Markets Welcome Significant Investor Visa

The Australian Financial Markets Association today welcomed the announcement by Minister Shorten and Minister Bowen of a significant investor visa. The visa is a step in the right direction for encouraging capital investment and will increase the attractiveness of Australia as destination for business people and investors.

Other
25-May-2012

Abolition of the LIBOR Cap and Better Branch Tax Rules a Step Nearer

AFMA Welcomes the decision by the Assistant Treasurer to ask the Board of Taxation to examine the continued appropriateness of the LIBOR cap and the suitability of any other such tax benchmark for internal funding by foreign bank branches operating in the Australian market.

Other
09-May-2012

Budget Increases Challenges Facing the Australian Financial Markets

The Australian financial markets industry is concerned about the significant increase in the cost of industry supervision announced in last night's Federal Budget. While the industry supports effective market supervision, this growth in regulatory costs paid for by the industry is excessive and contrasts with the discipline the Government has exhibited in general expenditures that are met by the government directly.

Other
03-May-2012

David Lynch to take the helm at AFMA

The Chairman of the Australian Financial Markets Association, Rick Sawers, today announced the appointment of David Lynch as Executive Director of AFMA.

Other
19-Apr-2012

Government Consultation Paper on OTC Derivatives Framework

AFMA welcomes the Government consultation paper on 'Implementation of a framework for Australia's G20 over-the-counter derivatives commitments'.

Other
03-Apr-2012

ASIC Market Structure Reforms

AFMA agrees with and supports ASIC's stated determination to maintain the Australian market's international competitiveness, as outlined in today's direction statement on market reform.

Regulation
29-Mar-2012

Council of Financial Regulators Proposals on Financial Market Infrastructure

The Council's recommendations to the Treasurer, released today, would strengthen the hand of regulators in dealing with a rapidly changing environment for financial market infrastructure (FMI).

Other
22-Mar-2012

Dark Pools: Industry proposes a targeted response

Leading AFMA member broking firms are growing increasingly concerned as ASIC moves towards finalising its approach to the regulation of dark liquidity. Dark liquidity is the term commonly used to describe 'crossings' where brokers match buy and sell orders before reporting trades to the exchange.

Other
14-Mar-2012

Letter to Editor: AFMA Carbon Benchmark Addendum

The views expressed in the article in The Age, "Double' carbon tax fear on power bills" (14 March 2012), reflect a misunderstanding of the purpose and effect of the AFMA Carbon Benchmark Addendum and could give rise to unnecessary concern for consumers.

Other
23-Feb-2012

Amendment to AFMA Prime Bank List

The Australian Financial Markets Association (AFMA) has been advised by BNP Paribas Australia that it requests to be removed from the AFMA list of Prime Banks.

Other
19-Jan-2012

Protecting your online trading account

Online securities trading offers great flexibility for share investing from home for competitive prices and is increasingly popular.

Other