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Regulation

27 June 2023 • By Keith Ford • 1 min read

ASIC chair stresses ‘intense proactive supervision’ of CHESS replacement

The chair of the corporate regulator has provided an update on its oversight of the ASX CHESS replacement. Speaking at the parliamentary joint ...

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Economist warns against replacing Lowe in midst of inflation battle

Dr Lowe’s chances of being reappointed for a second term at the RBA are appearing increasingly slim. However, an economist has questioned whether ...

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Multinational tax integrity bill enters Parliament

The government has introduced its multinational tax integrity legislation to Parliament, which seeks to improve the integrity of the tax system

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ASIC chair denies obstruction allegations, rejects interim report findings

ASIC has “unequivocally” rejected any assertion of an intent to obfuscate or obstruct the parliamentary investigations into its oversight of the ...

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Financial services industry laments APRA’s cost burden

Less than a third of APRA-regulated entities are satisfied with the prudential regulator’s management of compliance burdens. The Australian ...

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Regulator says insurers withholding $815m in promised savings

The corporate regulator has slammed insurers for their inaction despite the latter being aware of pricing risks. ASIC raised this concern in a ...

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Decision on next RBA governor imminent, says Treasurer

Treasurer Chalmers will name the next governor of the Reserve Bank of Australia next month. Treasurer Jim Chalmers confirmed on Thursday that he ...

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ASIC accused of ‘secrecy’ and ‘obfuscation’ by Senate committee

Liberal Senator Andrew Bragg has accused ASIC of being “addicted” to secrecy and obfuscation. The corporate regulator has faced accusations from ...

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Macquarie delivers ‘AI-first’ digital banking capabilities amid regulatory concern

The bank is set to bring “hyper-personalised” experiences to its retail banking customers, while ASIC has made it clear that the safe usage of AI is a ...

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ASIC warns of AI FOMO, flags regulation

ASIC chair Joe Longo says that with AI adoption surging in wholesale markets, there is a real danger that entities could rush too fast without proper ...

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