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31 July 2020 • By Sarah Kendell • 1 min read

ASIC cuts down response times for disputes

The corporate regulator has released updated guidance on internal dispute resolution (IDR) for licensees, reducing the time allowed to respond to ...

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APRA demands banks halve dividends

APRA has warned banks to reduce their dividends, raising fears that income investors could still be hit hard despite payouts going ahead

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All super funds could face fraud: AUSTRAC

Superannuation funds should remain vigilant for suspicious activity during the early release scheme, AUSTRAC has warned, as the industry’s levels of ...

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Goldman Sachs settles corruption scandal for $5.4bn

Goldman Sachs has agreed to a US$3.9 billion ($5.4 billion) settlement with the Malaysian government for its involvement in the 1MDB corruption and ...

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APRA to issue new dividend directions for banks

APRA is set to update its guidance asking the banks to freeze dividends next week, with the regulator’s chair stating his body will be acting to avoid ...

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ASIC concedes to Westpac responsible lending ruling

ASIC has indicated it will not appeal to the High Court on the infamous “red wine and Wagyu steak” responsible lending case against Westpac, after it ...

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Derivatives issuer cops suspension

ASIC has suspended the licence of a controversial retail over-the-counter derivatives issuer until 23 September 2020.  Union Standard International ...

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ASIC taken to task for lack of action on industry funds

The corporate regulator has declined to take action against two major industry super funds around potential breaches of disclosure rules, prompting a ...

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ASIC grilled over remediation failures

ASIC has been taken to task for its failure to bring the big four banks into line after it was revealed they were splurging on consultants rather than ...

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Deutsche Bank cops $216.1m penalty for Epstein transactions

Deutsche Bank and a number of its US arms have agreed to pay US$150 million ($216.1 million) in penalties for compliance failures around its dealings ...

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