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17 September 2014 • By Reporter • 1 min read

Westpac fined for 'misleading statements'

Westpac has been fined by ASIC for making misleading statements about the investment returns of its annuity deposit product. ASIC has issued two ...

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BNP Paribas appoints head of Hong Kong

BNP Paribas has appointed Stéphanie Marelle as head of Hong Kong and David Raccat as head of market and financing services for the Asia Pacific region

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ANZ lays out wealth strategy

ANZ head of global wealth Joyce Phillips is looking to make up for her bank’s lack of success in the platform sector by aggressively targeting ...

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ASIC reviews AFSL breach reporting

The corporate regulator has announced a review of breach reporting by Australian Financial Services licensees following concerns raised about ...

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Market downturn will hit SMSFs

SMSFs are overexposed to Australian assets as well as “risky growth assets” in general, leaving retirees vulnerable to a market downturn, warns risk ...

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Positive signs in non-mining sector: RBA

If history is any guide, non-mining business investment will soon pick up, says RBA assistant governor Christopher Kent. Speaking at a Bloomberg ...

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ASIC 'satisfied' with platform compliance

Following a review of platform operators implementing the RG 148 requirements, ASIC commissioner Greg Tanzer said the new requirements have generally ...

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Macquarie set to raise $400 million

Macquarie Bank has announced it intends to raise $400 million through an offer of Macquarie Bank capital notes (BCN) at a price of $100 per note

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Beefed-up ASIC could stifle innovation

Granting further product intervention powers to ASIC could end up stifling innovation in financial products, warns Henry Davis York partner Jon ...

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ASIC awards first trade repository licence

The DTCC Derivatives Repository in Singapore (DDRS) has received the first Australian derivative trade repository (ADTR) licence from ASIC

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