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22 December 2016 • By • 1 min read

Westpac faces court over fiduciary duty failures

ASIC has commenced civil penalty proceedings against two Westpac subsidiaries for potential contraventions of FOFA compliance requirements

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Super stress testing needs ‘further enhancements’

Australian superannuation trustees are not optimising the amount of liquidity they hold and improvements need to be made to their liquidity stress ...

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UK regulator urged to increase scrutiny of robo-advice

The UK Financial Conduct Authority has been called upon to reassess its approach to regulating online investment tools, following the release of ...

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Asset managers updating hiring practices: PwC

Asset management firms are updating their hiring practices to better meet mounting pressure from regulators, PwC has found. A global survey of ...

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OTCX expands derivative trading options

Electronic derivatives trading service OTCX will expand its derivatives trading services for Australian markets after being granted a market licence ...

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CBA and NAB enter enforceable undertakings

ASIC has accepted enforceable undertakings from both the Commonwealth Bank of Australia (CBA) and NAB regarding the conduct of their wholesale spot ...

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S&P Global Ratings ‘pessimistic’ on budget deficit

The Australian government’s mid-year budget update has done little to restore confidence in the country’s ability to maintain its AAA credit rating, ...

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Australian share strategies post positive returns

Australian share fund managers posted generally positive results for November, according to research house Morningstar, though the median manager’s ...

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BoQ to acquire Centrepoint Alliance subsidiary

The Bank of Queensland has announced a $20 million deal to acquire Centrepoint Alliance’s Premium Funding business. The bank said the acquisition ...

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New distribution head for AMG

Global asset manager Affiliated Managers Group has appointed Hugh Cutler to the role of vice president and head of distribution. Mr Cutler was ...

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