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regulation

28 October 2020 • By Sarah Simpkins • 1 min read

Westpac named third most fined bank worldwide

The big four bank has racked up the third-highest penalties globally in 2020, according to a new report. Data from market researcher Finbold has ...

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Shipton kept remuneration scandal close to chest

ASIC chair James Shipton didn’t tell senior colleagues about the remuneration issues that could topple him – and a number of political figures are ...

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Without Crennan, is ASIC dead in the water?

The departure of Daniel Crennan highlights two problems for ASIC – both of its own making. Mr Crennan’s quick exit from ASIC’s upper echelons in ...

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Wilson leads the charge against virtual AGMs

Wilson Asset Management chair Geoff Wilson is attempting to rally some 88,000 shareholders in WAM’s LICs to prevent virtual AGMs from becoming a ...

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ACCC assessing IOOF, MLC deal

The ACCC has commenced a review into IOOF’s proposed $1.4 billion acquisition of MLC, with the regulator to weigh up any impacts on competition in the ...

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Is it time to clean out the corporate cop?

The ignominious departure of James Shipton and Daniel Crennan is just the latest in a series of failings on the part of ASIC. The royal commission ...

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Goldman Sachs to recoup exec pay over corruption fallout

Goldman Sachs has said it will be clawing back certain executives’ remuneration as it has agreed to pay a US$2.9 billion penalty over its role in ...

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ASIC chair steps aside after $118k consultant bill

ASIC chair James Shipton has stepped aside pending an investigation into relocation expenses following explosive evidence to the standing committee on ...

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NAB flags huge remediation hit

The bank has flagged huge provisions for remediating its wealth customers and payroll errors that cost employees millions ahead of its full-year ...

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Economics committee to grill regulators

The standing committee on economics has called ASIC, APRA, and the ACCC for its first post-budget hearing to ensure the regulators are keeping a close ...

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