regulation

Policy & Regulation

It’s official: ASIC uncoupled from public service

The Australian Securities and Investments Commission has been formally legislatively uncoupled from the Australian Public Service, allowing it to employ people on competi...

Policy & Regulation

Kell to leave ASIC before year’s end

Peter Kell has resigned as deputy chair of the Australian Securities and Investments Commission, effective from 6 December, this year, following seven years of service at...

Policy & Regulation

ASIC has a case to answer, says Frydenberg

The Federal Treasurer, Josh Frydenberg says he believes the Australian Securities and Investments Commission has a case to answer for the issues raised in the Royal Commi...

Policy & Regulation

Bank divestments will increase competition says ASIC

The Australian Securities and Investments Commission has forecast a ‘new competitive dynamic’ in the wake of the banks divesting their insurance and wealth management bus...

Awards

Back to her roots to solve today’s issues

Advice RegTech’s Samantha Clarke has been named this year’s Innovator of the Year at the 2018 Money Management Women in Financial Services Awards. ...

Policy & Regulation

Banking Code should be universal: ABA

The new Banking Code of Practice should be adopted across the entire industry, including credit unions, building societies and other lenders, according to the Australian ...

Policy & Regulation

Super funds face ASIC shadow shop

The Australian Securities and Investments Commission has signalled that it will be undertaking a shadow shop of superannuation funds....

Policy & Regulation

When bank executives escape punitive pay cuts

The Australian Prudential Regulation Authority has pointed to multiple instances where lower level bank employees have suffered pay cuts related to failures, but their ex...

Policy & Regulation

Westpac admits fault, agrees to $35 mil penalty

Westpac has admitted breaching its responsible lending obligations when providing home loans, and agreed to a $35 million civil penalty to resolve Federal Court proceedin...

Policy & Regulation

Should ASIC personnel get bonuses?

A Parliamentary Committee has been told that public servants working within the Australian Securities and Investments Commission are eligible to earn bonuses, but at leas...

Policy & Regulation

Increased regulation the biggest challenge

New research conducted by RBC Investor and Treasury Services has confirmed that regulation is the big challenge facing asset managers....

Policy & Regulation

Has ASIC lost its regulatory authority?

The Royal Commission has been asked to consider whether, by dealing with banks and financial services institutions via press releases and enforceable undertakings rather ...

Policy & Regulation

MSWMA called out for false independence claim

Morgan Stanley Wealth Management Australia has been compelled by the Australian Securities and Investments Commission to amend a false claim of independence for its advic...

Policy & Regulation

ACT’s Zed Seselja gets financial services portfolio

Prime Minister, Scott Morrison has appointed ACT right wing Liberal Senator, Zed Seselja to the financial services portfolio....

Policy & Regulation

AAT upholds TPB’s decision-making approach

The Administrative Appeals Tribunal has affirmed the Tax Practitioners Board’s termination for tax agent Ranjit Dadwal’s tax agent registration, following criminal conduc...