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21 August 2019 • By Sarah Simpkins • 1 min read

Superfunded director cops eight-year ban

ASIC has outlawed the sole director of Superfunded, Max Goldenberg, from providing financial services or engaging in credit activities for eight ...

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Royal commission fallout to define governance through to 2025

The continued fallout of the Hayne royal commission will define the governance professional’s role through to 2025 according to new research

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New APRA foreign subsidiary rules could knock ANZ

APRA has tightened its prudential standard around contagion risk, targeting overseas subsidiaries operated by domestic banks, with ANZ’s New Zealand ...

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ASIC investigates Forex trading website

The Australian Financial Complaints Authority (AFCA) has received a high volume of complaints regarding online stockbroker Forex Financial Services, ...

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Enforcement into the big 6 rises by 51%

The establishment of the ASIC Office of Enforcement has seen enforcement investigations into the big six rise by 51 per cent. The ASIC Enforcement ...

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Finance misconduct lost Australians $201bn

More than half of the population (54 per cent) have been negatively affected by misconduct among finance service providers, with a new study ...

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Major banks to participate in credit reporting system

The government is set to reintroduce legislation that will require the big four banks to participate fully in the credit reporting system with new ...

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APRA opens floor to updated margin requirements

APRA has opened a cross-industry consultation for amendments to its margin requirements for non-centrally cleared derivatives. The changes to ...

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APRA applies capital requirement to insurer

APRA has announced that it will apply an additional $250 million capital requirement to one insurer to reflect the issues identified in its ...

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ASIC highlights financial risk of climate change

ASIC has updated its climate change-related disclosure to highlight the systemic risk that climate change poses to entities’ financial prospects

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