Powered by MOMENTUM MEDIA
investor daily logo

Regulation

regulation

04 September 2020 • By Sarah Simpkins • 1 min read

CBA admits to second-highest banking breaches

Both the CBA and ANZ chiefs have identified their banks within a recent industry watchdog report, revealing the Commonwealth Bank committed the ...

READ MORE
icon

Fintech committee targets regulators on competition

The financial regulators have been labelled as “fragmented and unclear” in their approach to policing competition in the sector, with the Senate’s ...

READ MORE
icon

ASIC obtains interim injunction against Mayfair 101

ASIC has obtained interim orders against companies in the Mayfair 101 group and their director, James Mawhinney, including the appointment of ...

READ MORE
icon

APRA focusing on super chop, governance, outsourcing

The prudential watchdog has outlined its targets across the superannuation industry during the next four years, with plans to cull underperforming ...

READ MORE
icon

ASIC won’t back down

The corporate cop has turned its gaze beyond COVID-19 and revealed that it will soon be returning to work on the recommendations of the Royal ...

READ MORE
icon

MLC super trustee hit with licence conditions

APRA has imposed conditions on NULIS following an investigation into matters from the Royal Commission.  APRA’s investigation stemmed from the ...

READ MORE
icon

ASIC rolls out relief for frozen fund hardship withdrawals

The corporate regulator has launched new relief measures for managed fund operators to facilitate withdrawals for members facing financial hardship ...

READ MORE
icon

Institutions’ fees-for-no-service bill tops $1bn

More than $1 billion has been coughed up to compensate customers of Australia’s six largest financial institutions as a result of fee for no service ...

READ MORE
icon

ASIC targets Westpac subsidiaries over fees for no service

ASIC has commenced proceedings against two entities within Westpac’s wealth management division over conduct that formed a case study during the Royal ...

READ MORE
icon

ASIC launches civil proceedings against StatePlus Super

ASIC has commenced civil penalty proceedings in the Federal Court against StatePlus Super for charging more than 36,000 members fees for no service

READ MORE