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Regulation

regulation

02 August 2019 • By Eliot Hastie • 1 min read

Government expands financial services inquiry

The Coalition government has expanded the inquiry into the financial services sector and the royal commission implementation. Treasurer Josh ...

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Big four and AMP fork out $120m for poor advice

Australia's five largest banking and financial services institutions have paid a total of $119.7 million in compensation as at 30 June 2019 to ...

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Consumer Data Right Bill passes

The Consumer Data Right Bill has passed both houses in parliament, with the Australian Banking Association (ABA) calling it a win for competition

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APRA stakeholders approve regulatory approach

A survey undertaken by APRA has found that the authorities’ regulatory and supervisory approaches are having a positive industry impact

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Super trustees warned against influencing employers

ASIC has cautioned superannuation trustees against swaying employers in their choice of default super, with heavier penalties now in place for ...

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ASIC halts internal market making

ASIC has implemented a pause on the admission of actively managed ETFs that do not disclose their portfolio holdings daily and have internal market ...

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RBA prepared to cut rates further

Inflation targets have overtaken fears over high household debt as the Reserve Bank’s chief priority, clearing the way for more rate cuts

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APRA targets executive remuneration

Executives who achieve their remuneration by focusing on short-term financial gains and not on customer outcomes will no longer receive massive ...

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APRA views capability report as endorsement of its strategy

APRA’s chairman has told journalist that he views the independent capability review as an endorsement of its strategic plan written earlier this year

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ASIC proposes ban on telephone sales

ASIC has proposed a ban on unsolicited telephone sales of life and consumer credit insurance following the royal commission recommendation

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