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Regulation

regulation

03 October 2019 • By Sarah Simpkins • 1 min read

ASIC slams industry’s non-financial risk management

ASIC has scrutinised the ability of Australia’s largest financial institutions to manage non-financial risk in a new review, citing fractured ...

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NAB to cough up further $1.18bn remediation

National Australia Bank has provided for additional charges of $1.18 billion after tax for customer remediation and software, which the institution ...

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Unconventional policy needed to ease stagnant growth

The RBA needs to do more than cut interest rates in order to improve the economy, according to Professor Richard Holden of the UNSW Business School

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ASIC opens school banking consult

ASIC has invited public feedback on school banking schemes as part of its review on their use and impact, with a consumer group slamming the practice ...

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Banking Code changes not strong enough: ACCC

The Australian Competition and Consumers Commission (ACCC) has criticised the proposed changes to the Banking Code of Practice, saying the banks have ...

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Finance sector to combat modern slavery

The global finance sector has launched an initiative to eliminate modern slavery and help victims of the practice regain their financial independence

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Lowe remains hopeful in face of global uncertainty

Reserve Bank governor Philip Lowe has hinted at the prospect of a third rate cut this year amid sluggish economic growth and global market uncertainty

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ASIC wins court case against asset manager

The Federal Court of Australia has delivered judgment in ASIC’s favour in proceedings against Gallop International Group, Gallop Asset Management, ...

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APRA responds to IOOF victory in Federal Court

The Australian Prudential Regulation Authority has responded to the judgment today in its court action against IOOF entities, directors and executives

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Regulators suffer second defeat after IOOF wins court case

APRA has become the second regulator to fail in its attempt to take legal action against a major financial institution following the Hayne royal ...

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