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Regulation

regulation

26 October 2017 • By • 1 min read

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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Regulation unfairly impacts smaller banks: MyState

Australia must reform regulations that have a “disproportionate impact” on smaller banks and limit competition, says Tasmania-based banking and wealth ...

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Government introduces BEAR legislation

The federal Treasurer has formally tabled legislation introducing new rules and accountability measures for executives in the banking and financial ...

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Shipton comments negate reform case: ISA

Industry Super Australia has said that commentary from incoming ASIC chair James Shipton is evidence that the government’s proposed superannuation ...

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New ASIC boss prioritises ‘cultural reform’

Incoming ASIC chair James Shipton has declared himself a “great advocate” of cultural reform as he prepares to take over from Greg Medcraft in ...

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New ASIC chair appointed

The government has appointed Harvard Law School executive director James Shipton as the new chair of ASIC, replacing outgoing chair Greg Medcraft

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