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Regulation

regulation

02 November 2017 • By Tim Stewart • 1 min read

BT opens up insurance APL beyond Westpac Life

BT Financial Group has pledged to open up its insurance approved product list days after ASIC deputy chair Peter Kell expressed “surprise” that it ...

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Hybrids and OTC products in ASIC’s sights

ASIC has released its corporate plan for 2017-18, announcing new surveillance projects targeting the distribution of hybrid securities and ...

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BEAR is ‘legislation with teeth’, says Morrison

Treasurer Scott Morrison has defended the proposed Banking Executive Accountability Regime (BEAR) in front of an audience of financial services ...

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FASEA outlines pathway for new advisers

Would-be financial advisers have finally been provided with some clarity, with the Financial Adviser Standards and Ethics Authority outlining the ...

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ASIC suspends licence of MJ Wren & Co

Sydney stockbroker MJ Wren & Co has had its financial services licence suspended after ASIC found it failed to comply with its risk-based capital ...

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ASIC updates funds management rules

ASIC has updated its regulatory guidance for fund managers ahead of the new Asia Region Funds Passport initiative and the corporate collective ...

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APRA warns about insurance divestments

With the recent sale of CommInsure to AIA, Australia’s life insurance industry is now majority foreign-owned — a development that could create ...

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ANZ BBSW penalty too low: P2P lender

Peer-to-peer lender RateSetter says ASIC should be commended for its pursuit of the banks over alleged manipulation of the bank bill swap rate, but ...

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ANZ and ASIC to settle BBSW case

ANZ has reached an in-principle agreement with ASIC to settle court action relating to alleged manipulation of the Australian bank bill swap rate

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CBA leadership accused of duty breaches

A federal senator has questioned the integrity of the Commonwealth Bank’s chair, CEO and board of directors, accusing them of “manifest failure” to ...

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