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05 June 2023 • By Maja Garaca Djurdjevic • 1 min read

Is a hike almost certain? ANZ ups terminal rate, AMP tips 25 bp increase

Although the RBA’s decision to raise the cash rate in early May caught the market off guard, the likelihood of a rate hike on 6 June appears to be ...

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Fair Work lifts minimum wage as inflation battle persists

Australia’s minimum award rates are set to increase over the coming financial year amid ongoing cost-of-living pressures and expectations of further ...

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US regulator fines Vanguard for ‘misleading’ customers

The global funds manager has been hit with a fine for reportedly overstating projected yields in customer account statements. The Financial ...

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‘Lessons and linkages’: APRA chair on bank deposits, AT1 bonds

Prudential regulators need to reassess the treatment of hybrid bonds in the event of a banking collapse, the APRA chair has told the Senate, flagging ...

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BOQ shares drop following regulatory action

The bank has entered into enforceable undertakings with both APRA and AUSTRAC to address “significant gaps” in its risk management framework

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ASIC’s DDO guidance goes ‘well beyond legal requirements’

A senior regulatory counsel at law firm Allens has shared a mixed view of ASIC’s regulatory guide on the design and distribution obligations (DDO)

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What are the global implications of UK’s sticky inflation?

Higher than expected UK inflation may give the RBA reason to remain hawkish. As the central bank prepares to announce its next monetary policy ...

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Former MD of collapsed fund manager sentenced

The former managing director has been convicted of criminal charges. On Wednesday, the Australian Securities and Investments Commission (ASIC) ...

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BNPL stocks drop as government moves to regulate

The government has confirmed its plans to regulate the buy now, pay later sector. Shares in Zip and Afterpay owner Block have fallen after ...

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Former fund manager receives 3-year ban over naked short selling

The former fund manager has been banned from providing financial services. In a statement on Monday, the Australian Securities and Investments ...

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