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Regulation

11 July 2023 • By Jon Bragg • 1 min read

Major bank CEOs to face parliamentary grilling

The chiefs of Australia’s big four banks are set to appear before the House standing committee on economics to discuss a range of key issues, ...

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Openmarkets pays record $4.5m penalty

Online stockbroker Openmarkets has paid a record $4.5 million penalty. In a statement on Thursday, the Australian Securities and Investments ...

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APRA probe exposes cyber security failings

The prudential regulator has identified six common shortfalls in the cyber security practices of financial services institutions following its first ...

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APRA issues fine to ASX-listed ADI

A second-tier lender has been fined for failing to meet its data reporting obligations. The Australian Prudential Regulation Authority (APRA) has ...

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ASIC bans Sydney-based director, exposes link to banned adviser

The corporate regulator has permanently banned a Sydney-based director from providing any financial services, performing any function involved in the ...

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No further actions against Bell Financial Group, says AUSTRAC

AUSTRAC has decided not to undertake further regulatory action against Bell Financial Group. In February last year, the Australian Transaction ...

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Treasurer dismisses recession fears, predicts continued growth

Mr Chalmers doesn’t believe that Australia is on the verge of a recession. While top economists have tipped that there’s now a 50-50 chance of a ...

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Second consultation opens on climate-related financial disclosures

The government has opened a second consultation on climate-related financial disclosures. Following a previous consultation between December 2022 ...

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RBA tipped to cut rates considerably in 2024 as economy slumps

An economist expects the RBA to cut rates several times in 2024 in response to a sharp slowdown in growth. AMP’s Shane Oliver has predicted that a ...

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Medibank responds to APRA hit as share price dives

Medibank’s share price crashed on Tuesday despite assurances from the company that it is sufficiently capitalised to meet its new capital adequacy ...

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