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regulation

18 July 2019 • By Eliot Hastie • 1 min read

Cultural change at APRA is necessary

The review into the capabilities of APRA was released this week and it found that APRA required a cultural change among a host of other changes

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Union demands government action on credit insurance

The Finance Sector Union of Australia has urged government action on consumer credit insurance and bank cultural issues following ASIC’s report into ...

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Investment complaints surge

Consumer complaints relating to investment and advice rose by 69 per cent in the first six months of the Australian Financial Complaints Authority’s ...

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ASIC cracks down on AFCA membership

The corporate regulator has clamped down on financial services licensees who have failed to gain membership with the Australian Financial Complaints ...

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Council of Financial Regulators discreetly updates charter

The Council of Financial Regulators has updated its charter for the first time since the council was established in 2004.  The changes to the ...

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MLC Super faces class action

William Roberts Lawyers and litigation funder IMF Bentham are working to bring a class action against MLC Super Fund trustee company NULIS Nominees ...

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ASIC beneficiary of data retention regime

ASIC has revealed how it has benefited from the controversial data retention regime when investigating white-collar crime.  In a submission to the ...

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Poor culture costs major banks $500 million

The culture at three of Australia’s biggest banks will cost them $500 million each after APRA has advised it will increase their minimum capital ...

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APRA increases loss-absorbing capacity requirements

The regulator has announced its plan to increase the loss-absorbing capacity requirements for ADIs by requiring banks to lift total capital by 3 ...

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ASIC to combat short-term credit

ASIC has announced that the first use of its new product intervention power will be to address consumer detriment in the short-term credit industry

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