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Regulation

regulation

18 June 2015 • By • 1 min read

Macquarie Wrap errors were 'self-reported'

ASIC only became aware of system errors affecting Macquarie Wrap users after the bank brought the matter to the regulator's attention, says Macquarie

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Macquarie to refund $5.5 million to clients

Macquarie Investment Management will refund more than $5.5 million to around 2,300 clients following an investigation prompted by ASIC. Acting as ...

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BT fined for misleading super statements

Updated: BT Group has paid $20,400 in penalties after ASIC found the firm made misleading claims about its super performance in its Google ...

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ATO extends SuperStream deadline

The Australian Taxation Office has pushed out the 30 June SuperStream deadline for mid-sized employers that are making "genuine attempts" to prepare ...

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User-pays ASIC a 'wolf in sheep's clothing'

The Financial System Inquiry's proposed user-pays funding model for ASIC would amount to "backdoor taxation", an economist has warned. In an ...

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Lloyds Banking Group fined £117 million

The UK regulator, the Financial Conduct Authority (FCA), has issued its largest ever retail fine to Lloyds Banking Group. The FCA has fined Lloyds ...

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ASIC warns banks on BBSW investigation

The big banks are deliberately delaying the corporate regulator’s investigation into bank bill swap rate (BBSW) manipulation, says ASIC chairman Greg ...

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Synthetic ETFs a 'concern', says ASIC boss

The emergence of synthetic ETFs has a "lot of parallels" with the synthetic collateralised debt obligation (CDO) market that sparked the global ...

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Govt sets deadline for FOFA 'refinements'

The Coalition will make "time-critical refinements" to the FOFA regime by 1 July 2015, says assistant treasurer Josh Frydenberg – but it will not ...

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First CBA clients receive compensation

The Commonwealth Bank's review of its financial planners' poor conduct has only seen five clients receive compensation as of 30 April 2015

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