Powered by MOMENTUM MEDIA
lawyers weekly logo

News

regulation

13 December 2019 • By Sarah Simpkins • 1 min read

Digital bank gains restricted ADI license

APRA has granted a digital bank founded by a former BNP Paribas executive an authorised deposit-taking institution license. As a restricted ADI, ...

READ MORE
icon

APRA delays product responsibility consultation

APRA has announced it will delay a proposed product responsibility consultation integral to its implementation of changes to the Banking Executive ...

READ MORE
icon

ASIC lifts active ETF pause

ASIC has rescinded its halt on actively managed ETFs that do not disclose their portfolio holdings daily and engage in internal market making, despite ...

READ MORE
icon

APRA slams CBA licensee for charging dead people

APRA has imposed additional licence conditions on CBA-owned Avanteos Investments after it charged more than $6 million in fees to thousands of dead ...

READ MORE
icon

ASIC takes trustee to court

ASIC has commenced action in the Federal Court in Western Australia, focused on the promotion and management of the Sterling Income Trust

READ MORE
icon

Heatmap ignores full picture: SuperRatings

While others in superannuation have welcomed more industry transparency, consultant SuperRatings has slammed the publishing of superannuation data in ...

READ MORE
icon

Vale Paul Volcker

Legendary Federal Reserve chairman Paul Volcker has passed away following a battle with prostate cancer. He was 92. Prior to serving in the Federal ...

READ MORE
icon

Westpac, AUSTRAC make first court appearance

Westpac and AUSTRAC have started negotiating what they agree happened with the alleged 23 million breaches of anti-money laundering laws

READ MORE
icon

APRA approves IOOF acquisition

APRA has approved IOOF’s bid to purchase ANZ superannuation licensees OnePath Custodians and Oasis Fund Management, following the regulator’s court ...

READ MORE
icon

Higher NZ capital to drag banks’ ROE: Morningstar

The additional capital requirements imposed on the big four by the Reserve Bank of New Zealand has seen analysts downgrade their forecasted return on ...

READ MORE