regulation

Financial planning

While some fear the regulation of cryptocurrencies, clear regulation of the asset class could open it up to its “full potential” to improve financial ecosystems....

Policy & Regulation

APRA finalises climate change guide

The prudential regulator has released its practice guide on climate change financial risks which will assist banks, insurers and superannuation trustees to manage the fin...

Funds management

Worst of Chinese regulation ‘behind us’

While there could be additional Chinese regulatory change in the future, according to American Century, the asset manager believes the most stringent changes “may be behi...

Financial planning

Vanda Gould sees AFS license cancelled

The regulator has cancelled the Australian financial services licence of disgraced former tax agent Vanda Gould....

Financial planning

October kicks off regulatory reform for advisers

October sees the introduction of further Royal Commission recommendations and design and distribution obligations, heaping further pressure on financial advisers. ...

Financial planning

The ‘pincer movement’ for financial advisers

Advisers are being threatened by both increasing regulation and higher educational standards, with the Association of Financial Advisers calling for a “regulatory reset”....

Financial planning

Regulation turning advisers into ‘admin assistants’

Mounting regulation is turning advisers into “admin assistants with Government records” and Government intervention is needed to maintain limited licensees in the industr...

Policy & Regulation

APRA outlines purpose and scope of climate assessment

The regulator has outlined the purpose, design and scope of its climate vulnerability assessment to help regulated entities, including the largest banks, understand and m...

SMSF

Limited licences on SMSFA's regulatory wish list

Lowering regulation costs and an improved regulatory framework for limited licences is among the items on the Association’s regulatory wish list....

Policy & Regulation

Regulator set up to monitor ASIC and APRA

The legislation to set up the Financial Regulator Assessment Authority has passed to assist the corporate watchdog’s new chair to ensure the Australian Securities and Inv...

Policy & Regulation

FFSPs relief extended until 2023

Foreign financial services providers will continue to have relief from holding an Australian financial service licence as the deadline has been extended to 31 March, 2023...

Policy & Regulation

ASIC targets actions of activist short sellers

Avoiding emotive language and releasing short reports outside of normal trading hours are among recommendations from the Australian Securities and Investments Commission ...

Policy & Regulation

Industry needs to collaborate with regulators: ASIC

The corporate regulator has asked the industry to better help the regulators better regulate the industry....

Financial planning

APRA imposes capital increases on Macquarie Bank

The regulator has increased Macquarie Bank’s liquidity and operational risk capital requirements after the firm had “persistent difficulties” in meeting its obligations....

Financial planning

Australia needs to regulate cryptocurrency market

There are gaps in Australia’s regulation of the domestic digital assets market which will require oversight amid a renewed surge of demand for Bitcoin and other cryptocur...