regulation

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...

Policy & Regulation

ASIC calls on businesses to fulfil funding obligations

The regulator has called on businesses to submit some operational information before 27 September 2018 as part of industry funding arrangements introduced last year....

Policy & Regulation

ASIC will get to write its own code of conduct

The Australian Securities and Investments Commission has confirmed that it will get to write its own code of conduct once it becomes separated from the Australian Public ...

Policy & Regulation

COBA campaign calls for new banking regulation approach

The Customer Owned Banking Association is set to launch its #MoreThan4 campaign in Canberra, calling for a move away from a one-size-fits-all approach to banking regulati...

Policy & Regulation

RC questions whether ASIC used its powers

The Royal Commission has acknowledged that the Australian Securities and Investments Commission wants more powers but has questioned whether it has ever used all the powe...