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Regulation

regulation

21 December 2016 • By • 1 min read

CBA and NAB enter enforceable undertakings

ASIC has accepted enforceable undertakings from both the Commonwealth Bank of Australia (CBA) and NAB regarding the conduct of their wholesale spot ...

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Treasury consults on ASIC intervention power

Treasury has released a new proposals paper that outlines new product intervention powers for ASIC and design/distribution obligations for product ...

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Treasury issues CIPR consultation paper

Treasury has released a consultation paper on the Financial System Inquiry’s comprehensive income products for retirement (CIPRs). Minister for ...

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'RegTech' to dominate in 2017: Deloitte

Technology will be a major focus of global regulators in 2017, predicts Deloitte – with KYC compliance, automated regulatory reporting and ...

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Turnbull pushes for Australian financial hub

Prime Minister Malcolm Turnbull has made the case for the export of Australian funds services and the establishment of Melbourne and Sydney as ...

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Federal Court fines ANZ, Macquarie Group

A Federal Court ruling will see both ANZ and Macquarie Group pay multimillion-dollar penalties for attempted cartel conduct, according to the ACCC

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OpenMarkets slapped with licence conditions

Online stockbroker OpenMarkets has had additional conditions imposed on its financial services licence following a surveillance by ASIC

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ASX to take over BBSW administration

The ASX been appointed to administer the bank bill swap rate (BBSW) following a tender process by the Australian Financial Markets Association (AFMA)

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ASIC extends transition period for PDS rules

The corporate regulator has pushed out the deadline for new PDS fee and cost disclosure requirements for super funds and responsible entities until 30 ...

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ASIC to target bank cross-selling

The corporate regulator has revealed to a parliamentary inquiry it has asked the major banks for an audit of their cross-selling practices

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