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29 August 2019 • By Sarah Simpkins • 1 min read

ASIC tightens hold on funds

In the coming years, ASIC will be pushing for more competition among fund managers, as well as tightening its grip on superannuation funds in its new ...

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ASIC action pushes Allianz to refund $8m

Allianz Australia Insurance will be refunding more than $8 million in consumer credit insurance (CCI) premiums and fees, with the insurer to stop ...

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AFCA welcomes new ASIC powers

In a published submission, AFCA has welcomed the new ASIC product intervention powers that will enhance the commission’s regulatory toolkit

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APRA chair warns tech renders regulation ‘inadequate’

APRA chair Wayne Byres has said the prudential regulator’s framework is ill-prepared for new technology in the financial services sector, ...

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Union slams ANZ’s ‘cult of secrecy’

The Finance Sector Union (FSU) has criticised ANZ for not taking measures in its own hands and exposing its own cultural self-assessment, after the ...

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APRA updates financial sector shareholdings rules

The prudential regulator has released the 2019 version of its Financial Sector (Shareholdings) Rules for new companies entering the sector

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Investors Exchange PDS given stop order

The corporate regulator has put a stop order on the issuing of a product disclosure statement from Investors Exchange Limited following concerns it ...

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ANZ chairman spills on self-assessment

Complacency, a lack of accountability and short-term fixes have all been listed as issues with ANZ’s culture in a statement by chairman David Gonski ...

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ASIC flexes intervention power, proposes binary option ban

ASIC is looking to place a ban on the sale of binary options and limit contracts for difference (CFDs), with both reported to make most of almost $2 ...

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IOOF completes APRA conditions

IOOF has marked 145 actions issued by APRA as complete, after it previously failed to reach the regulator’s deadline for establishing a dedicated ...

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