Productivity Commission claims wide-spread regtech adoption will lift compliance

An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.

In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.

“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.

It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as

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EMERGING MARKETS-Asian stock lift from China data fades as Trump-Biden debate sparks concern

    * Graphic: World FX rates tmsnrt.rs/2egbfVh
    * China Manufacturing PMI for September 51.5 vs August's
51.0
    * Chaotic U.S. presidential debate leaves more questions

    By Nikhil Nainan
    Sept 30 (Reuters) - An early boost to Asia's emerging stock
markets from Chinese economic data faded on Wednesday as a
chaotic first U.S. presidential debate weakened sentiment
globally and traders reined in bets ahead of several regional
market holidays.
    The debate saw heated clashes between President Donald Trump
and Democratic rival Joe Biden, leaving more doubts about the
November election and whether Trump would accept an unfavourable
result than clarity of who could come out on top.
    Chinese stocks had initially led gains after two
surveys showed China's factory activity, a bellwether for the
region, still firmly in growth territory in September.

    Malaysia, Taiwan and the Philippines all held onto gains of
around 0.4% as the day wore on, but both Shanghai 
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EMERGING MARKETS-China factory surveys lift stocks, currencies steady

By Nikhil Nainan

Sept 30 (Reuters)More evidence that China’s economy is rebounding lifted Asia’s emerging stock markets on Wednesday with Malaysia, the Philippines, Singapore and Taiwan all following Shanghai stocks around half a percent higher.

A holiday in South Korea and the start of a week-long break in China on Thursday kept trading subdued, with the action in the U.S. presidential debate late on Tuesday failing to stir much movement from investors globally.

Two surveys showed China’s factory activity, a bellwether for the region, still firmly in growth territory in September.

“The data continues to provide evidence of China’s economic resilience both in the manufacturing and services sector,” Mitul Kotecha, a senior emerging markets strategist at TD Securities, said.

“The strength of the trade components was encouraging, suggesting that exports and imports will continue to improve, which is also positive for the rest of Asia.”

In line

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How Tesla’s Next Deliveries Data Could Lift the EV Stock

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A Tesla car sits parked at a Tesla Supercharger in Petaluma, California.


Justin Sullivan/Getty Images


Tesla

investors are experiencing an unusual down month for the stock, but news that could send it higher again is coming soon. In about a week, the company will report how many electric cars it delivered in the third quarter.

September has been a lousy month for Tesla (ticker: TSLA). Shares have fallen about 22% as a widely anticipated update on the company’s battery technology failed to wow investors. The decline is worse than Tesla’s 21% drop in March, when the entire market was plummeting because of the coronavirus.

It might have been impossible for any company to live up to the expectations for Battery Day. Tesla shares rose 74% in August, partly in anticipation.

Wall Street’s analysis of the event fell along party lines. Bearish analysts wrote that the event was too

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US STOCKS-Tech stocks lift Wall Street even as economic rebound slows

* Weekly jobless claims unexpectedly rise to 870,000

* U.S. new-home sales vault to near 14-year high

* Nikola slides after Wedbush downgrade

* Accenture drops, BlackBerry rises on quarterly earnings (Updates to close of U.S. market)

Sept 24 (Reuters) – Wall Street rallied in a rocky session on Thursday as beaten-down technology shares gained favor after data showing a surge in the sale of new homes revived faith in the economic recovery even as U.S. jobless claims rose unexpectedly.

Apple Inc, Amazon.com Inc, Nvidia Corp and Facebook Inc, stocks that have outperformed at a time of increased economic uncertainty, all rose.

“Investors are going to be needing stocks that can weather a lower growth path because if we don’t get another round of fiscal stimulus, there’s not going to be a lot more we can do to continue boosting the economic recovery,” said Max Gokhman, capital markets strategist at

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