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07 March 2016 • By Tim Stewart • 1 min read

ANZ and ASIC headed for the courts

ANZ has indicated it will "vigorously defend" itself in a legal action brought against the bank by ASIC regarding manipulation of the bank bill swap ...

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ASX goes live with T+2 settlement period

The ASX T+2 settlement period commenced today, meaning that share market trades must now settle two days after the trading day. The T+2 settlement ...

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Labor cautiously backs life insurance reforms

The government's proposed changes to the life insurance industry many not be "the final destination" but they are "worthy of support", says shadow ...

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'Plead guilty' to BBSW manipulation, warns ASIC

ASIC chairman Greg Medcraft has vowed to used his $80 million "war chest" to pursue the manipulation of the bank bill swap rate (BBSW) through the ...

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APRA puts super trustees on notice

The prudential regulator has signaled it will be closely monitoring conflicts of interest on superannuation boards throughout 2016. APRA is ...

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Moody’s downgrades WA credit rating

Moody’s Investor Service has downgraded the long-term issuer and senior unsecured debt ratings of the Western Australian Treasury Corporation (WATC)

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David Murray's FSI report under fire

The Financial System Inquiry (FSI) report has a misguided emphasis on liquidity and price discovery, argues British economist John Kay. Speaking in ...

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Carbon risk disclosure inquiry launched

The Greens have successfully established a Senate inquiry into the carbon risk disclosure practices of Australian companies. Greens Senator ...

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CBA compensation bill doubles to $2 million

The Commonwealth Bank has more than doubled the amount of compensation offered to customers who received bad advice, bringing up the total amount paid ...

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'Doubled geared' margin loans under scrutiny

An ASIC investigation into margin lending practices has revealed that 80 per cent of providers fail to take "additional steps" when approving double ...

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