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23 March 2017 • By • 1 min read

ASIC cancels Aquaint Capital’s AFSL

The corporate regulator announced yesterday it has cancelled the Australian Financial Services Licence of Singapore-based property investment company ...

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ASIC calls for remuneration intervention powers

The big bank “oligopoly” in Australia can only be broken up if the regulator has the power to make rules about remuneration structures, says ASIC ...

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Senate approves equity crowdfunding legislation

The Turnbull government's crowdsourced equity finance bill has passed the federal Senate. The Corporations Amendment (Crowd-sourced Funding) Bill ...

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‘Widespread failure’ on adviser reference checks

ASIC has threatened to publicly ‘name and shame’ financial institutions that fail to conduct proper background checks on their financial advisers

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Westpac and ANZ rapped on FX trading

ASIC has accepted enforceable undertakings from Westpac and ANZ in relation to the banks' wholesale foreign exchange businesses. Westpac and ANZ ...

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Banks are ‘fiercely competitive’: Westpac CEO

The creation of a specialised ACCC unit focused solely on banking competition would be “unnecessary” given the plethora of inquiries into the topic, ...

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ASIC to target wealth management in 2017

ASIC will put a particular emphasis on the enforcement activities of its Wealth Management Project in the coming six months. In its enforcement ...

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ANZ backs public breach reporting

ANZ chief executive Shayne Elliott has given his in principle support for the public airing of ASIC breach reports and the naming of responsible ...

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NAB boss questioned about breach reporting

NAB chief executive Andrew Thorburn has downplayed the need for a public breach reporting regime in an appearance before a parliamentary inquiry

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Capital requirements top of APRA’s agenda

Bank capital requirements will be APRA’s main policy focus for 2017, according to chairman Wayne Byres. Speaking before the Senate economics ...

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