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Regulation

regulation

12 April 2018 • By Jessica Yun • 1 min read

AUSTRAC begins oversight of cryptocurrency

AUSTRAC has implemented new laws that will see it regulate digital currency exchanges operating in Australia. The new laws came into effect on ...

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BEAR consultation opened to industry

The federal government has introduced a new legislative instrument relating to the Banking Executive Accountability Regime and is seeking feedback ...

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ASIC accepts enforceable undertaking from ANZ

ANZ has entered an enforceable undertaking with ASIC for failing to fairly compensate customers for services they paid for and never received

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ASIC resistant to role as ‘competition champion’

ASIC has welcomed a Productivity Commission proposal to alter its mandate, but is hesitant to become an enforcer of competition laws. In ASIC’s ...

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Bowen defends Labor franking credits proposal

Shadow treasurer Chris Bowen has stood by his party’s proposed changes to dividend imputation refunds, arguing the current system is “simply ...

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‘Room for improvement’ in remuneration: APRA

Major Australian financial institutions are only meeting the bare minimum of APRA’s requirements regarding remuneration structures, a new APRA review ...

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Royal commission unveils financial advice agenda

A number of major financial institutions will be compelled to give evidence to the next round of hearings in the Royal Commission into Misconduct in ...

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Government ups penalties for BBSW rigging

Individuals found guilty of manipulating financial benchmarks will now face 10 years in jail and corporations will be on the hook for as much as $10 ...

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Government broadens ASIC's hiring rules

The corporate regulator will have greater scope to hire and incentivise people in the financial services industry as part of new legislation ...

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Establishing blockchain standards ‘critical’

Establishing global standards for distributed ledger technology is ‘critical’ for mitigating risks as well as facilitating communication across ...

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