| 30-Nov-2016 |
The Australian Financial Markets Association (AFMA) has today announced that it will transfer administration of the BBSW benchmark rate to ASX. It is the intention of both parties that ASX will administer BBSW from 1 January 2017.
|
Other |
| 29-Nov-2016 |
The Board of the Australian Financial Markets Association (AFMA) has appointed as its Chairman John Knox, CEO, Credit Suisse Australia.
|
Association |
| 27-Nov-2016 |
An update on Operational Developments to Facilitate Market Change
|
Other |
| 30-Sep-2016 |
The Australian Financial Markets Association today concluded its 2016 Prime Bank Survey, and from this process the current Prime Banks were re-elected, there being no other nominating institutions
|
Association |
| 28-Sep-2016 |
Members are advised of the following changes to the Electricity and Environmental Product Conventions that their respective Markets Committees has unanimously agreed to and which have been ratified by the Market Governance Committee.
|
Association |
| 06-Sep-2016 |
Members are advised of the following changes to the Interest Rate Derivatives Conventions that the Swaps Committee has unanimously agreed to and which have been ratified by the Market Governance Committee.
|
Other |
| 02-Sep-2016 |
Following consideration by the AFMA Credit Product Committee of market feedback on debt capital market issuance disclosure, it has been resolved to recommend as good practice broad and consistent dissemination of debt primary market issues in a standard format.
|
Other |
| 25-Aug-2016 |
As advised in the 19 July Market Notice 2016_5, AFMA is changing the calculation methodology for BBSW to place it on a sounder footing going forward. One component of the new methodology is the introduction of an algorithmic fall-back stage, which would come into operation in the event that the NBBO calculation process fails to compute a BBSW rate for all tenors. It is expected that the algorithmic fall-back would be rarely used in practice.
|
Other |
| 22-Aug-2016 |
AFMA has made a decision to discontinue the provision of Environmental Products data product on 30 September.
|
Other |
| 09-Aug-2016 |
AFMA welcomes the release today of Reports 486 and 487 by ASIC in relation to sell-side research and corporate advisory confidential information and conflicts, and a review of the cleanliness of the Australian equity market, respectively.
|
Other |
| 22-Jul-2016 |
AFMA has previously advised the market that it intends to step away from its function as administrator of the Bank Bill Swap (BBSW) Benchmark Rate and will transfer responsibilities to an appropriately qualified entity. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.
|
Association |
| 19-Jul-2016 |
The Council of Financial Regulators, in its February Discussion Paper Evolution of the BBSW Methodology, asked AFMA to finalise a set of amendments to the BBSW methodology by end-June 2016. AFMA has concluded this process and has settled the changes to the future methodology
|
Other |
| 08-Jul-2016 |
AFMA's Electricity Committee has selected a proposed methodology for the CRP, after consideration of the feedback from a general market consultation process that occurred in March/April
|
Other |
| 11-May-2016 |
AFMA has determined that benchmark administration has now evolved to a point where it is appropriate for it as an industry body to step away from the function of being a benchmark administrator. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.
|
Association |
| 06-May-2016 |
The Australian Financial Markets Association has welcomed the focus in the 2016/17 Budget on promoting growth in the Australian economy. The Government has laid out a cohesive narrative to support the transition of the Australian economy into one that promotes Australia's competitiveness in the region and enhances Australia's financial services export capability.
|
Other |
| 02-May-2016 |
The Australian Financial Markets Association has welcomed the Attorney-General's Department Report into Australia's AML/CTF Regime (the Report), released on 29 April 2016
|
Other |
| 20-Apr-2016 |
The Australian Financial Markets Association (AFMA) believes that ASIC should be properly funded to meet its responsibilities and that participants in the financial services sector should be prepared to provide a proportionate amount of ASIC's funding through cost recovery. While incentives in the regulatory system would work better under a mixed funding model, AFMA understands the Government's fiscal challenges and its decision to adopt a user pays industry funding model for ASIC.
|
Other |
| 15-Apr-2016 |
Cash Conventions changes specific to ESA holder banks
|
Other |
| 29-Mar-2016 |
The Australian Financial Markets Association (AFMA) welcomes the announcement today by the Treasurer, Scott Morrison, on competition in cash equities clearing.
|
Regulation |
| 22-Mar-2016 |
The AFMA Cash Committee has endorsed the Reserve Bank's proposal to adopt a new data collection methodology to be applied to the calculation of the Interbank Overnight Cash Rate (IBOC), which is the Reserve Bank Board's operational target for the implementation of monetary policy. The new methodology would eliminate the need for data submissions by banks and rely instead on data extracted from RITS, however implementation is conditional upon the adoption of the proposed amendments to the market conventions governing market practice specific to all IBOC cash transactions between bank Exchange Settlement Account holders.
|
Other |
| 09-Feb-2016 |
AFMA considers today's release of the Council of Financial Regulators Discussion Paper on BBSW methodology a useful progression in the industry's dialogue in relation to benchmark design
|
Other |
| 31-Jan-2016 |
The finance sector is critical to Australia's future economic growth, according to a report released today from the Australian Financial Markets Association (AFMA).
|
Other |
| 08-Jan-2016 |
The financial and insurance services sector is the largest of the 12 industries that make up the market sector of the Australian economy, with a 9.9% share of output compared to the next largest sector mining with a 9.8% share. Productivity growth in the financial and insurance sector has outperformed productivity growth in the market sector as a whole on average over the 24 years to 2013-14. The financial sector contributes directly to productivity growth through its share of the economy, but also indirectly through its role in determining the quantity and quality of investment. The financial sector mobilises saving, while financial markets allocate that saving to its most productive uses in the form of investment. The efficiency of this capital formation process is an important driver of productivity growth, which is the main long-run driver of national income per capita.
|
Other |