Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Regulation

regulation

13 September 2018 • By Adrian Flores • 1 min read

CBA ignored ASIC to deny claims payout

CBA’s life insurance business CommInsure has admitted to not following recommendations from the corporate regulator to update its medical definition ...

READ MORE
icon

ASIC approves AFCA rules

The Australian Securities and Investments Commission has approved the Australian Financial Complaints Authority complaint resolution scheme rules and ...

READ MORE
icon

ClearView failed to reprimand rogue sales head

The life insurer has admitted it took no disciplinary action against the head of its direct sales division after he told senior management that he was ...

READ MORE
icon

Freedom flogged life insurance to mentally disabled Aussies

The royal commission has heard how the insurance provider sold cover over the phone to a number of vulnerable people including a disabled man with ...

READ MORE
icon

ClearView’s boiler room tactics exposed by royal commission

The Hayne royal commission has heard how a major life insurer broke the law multiple times over a three-year period in an attempt to hit telephone ...

READ MORE
icon

Regaining trust 'not the regulator's job': APRA

The prudential regulator's chair has told industry leaders that the responsibility of regaining the public's trust in the financial sector ultimately ...

READ MORE
icon

SocGen expects to pay $1.9bn in fines

French banking giant Societe Generale expects penalties of $1.9 billion relating to its dispute with US authorities over international sanctions ...

READ MORE
icon

Westpac to pay $35m over responsible lending breaches

The major bank has admitted breaching its responsible lending obligations when providing home loans and agreed to pay a $35 million civil penalty to ...

READ MORE
icon

APRA tells Hayne the ‘threat’ of litigation is sufficient

The prudential regulator has defended its powers after the royal commission questioned its preference for working “behind closed doors” and failure to ...

READ MORE
icon

RBA: Credit quality poses biggest risk to the economy

The central bank has warned that the greatest risk to Australia’s financial stability over the next few years will be the banks’ large exposure to ...

READ MORE