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regulation

27 October 2017 • By • 1 min read

ASIC suspends licence of MJ Wren & Co

Sydney stockbroker MJ Wren & Co has had its financial services licence suspended after ASIC found it failed to comply with its risk-based capital ...

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Macquarie announces $1.25bn half-year profit

Macquarie has posted a $1.25 billion net profit for the six months to 30 September 2017, up 19 per cent on the prior corresponding half-year. The ...

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Glenn Stevens joins Macquarie board

Former Reserve Bank of Australia governor Glenn Stevens has been appointed as an independent director to the boards of Macquarie Group and Macquarie ...

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Fix ‘flawed’ shareholder resolutions: ACSI

Institutional shareholders should be allowed to bring non-binding resolutions on topics like climate change, labour practices and corporate governance ...

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ASIC updates funds management rules

ASIC has updated its regulatory guidance for fund managers ahead of the new Asia Region Funds Passport initiative and the corporate collective ...

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APRA warns about insurance divestments

With the recent sale of CommInsure to AIA, Australia’s life insurance industry is now majority foreign-owned — a development that could create ...

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Stripped-back ANZ posts $6.4bn profit

ANZ is halfway through a multi-year “transformation” that is creating a more “agile” business with a renewed focus on its Australian and New Zealand ...

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‘Neobanks’ to crowdfund through Equitise

Crowdfunding legislation passed last month has allowed for fully digitised “neobanks” such as Xinja to raise capital through online crowdfunding ...

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Netwealth IPO to raise $264m

Platform provider Netwealth has lodged a prospectus with the ASX as part of an effort to raise $264 million via an IPO, with the company expected to ...

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Australian Unity appoints retail sales head

Australian Unity’s general manager for life and super has been promoted to head the new retail platform as part of an organisational shake-up that ...

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