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regulation

16 October 2017 • By Tim Stewart • 1 min read

RBA to begin ‘top-down’ stress testing

The Reserve Bank of Australia has announced it will conduct a series of “top-down” stress tests on Australia’s banking system. In its latest ...

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Sentinel Private Wealth enters EU

ASIC has accepted an enforceable undertaking from Brisbane-based Sentinel Private Wealth after the regulator found Sentinel provided poor advice

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AFCA a ‘game changer’, says O’Dwyer

Minister for Revenue and Financial Services Kelly O’Dwyer has strongly defended the government’s proposed Australian Financial Complaints Authority, ...

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OnePath breaches had ‘consequences’: ANZ CEO

ANZ staff responsible for compliance breaches that led to $10.5 million in compensation being paid to OnePath clients have had their pay docked and ...

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ASIC levy to raise $246.2m from industry

ASIC’s new industry-funded model will see the corporate sector levied a total of $246.2 million for 2017-18 – with advice licensees alone expected to ...

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ASIC releases guide on initial coin offerings

ASIC has released an information sheet providing guidance on initial coin offerings, in an effort to ensure issuers "meet their obligations"

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OpenMarkets pays $200,000 fine

Online stockbroker OpenMarkets Australia has paid a penalty of $200,000 for market integrity breaches related to its trading system. Open Markets ...

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Financial competition still exists, says APRA

The high level of “concentration” within Australian financial services is not necessarily an impediment to competition, according to APRA

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CBA’s reputation woes bad for the country: APRA

APRA has said the recent damage to CBA’s reputation is “unhealthy for the bank, it’s unhealthy for the banking system and it’s unhealthy for the ...

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New APRA powers ‘difficult to argue against’

The government’s Banking Executive Accountability Regime will bring APRA’s powers in line with its international peers, says chairman Wayne Byres

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