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regulation

16 November 2018 • By Tas Bindi • 1 min read

Lonsdale begins overhaul of APRA powers

The prudential regulator has announced that its “enforcement strategy and infrastructure” will be reviewed by its recently appointed second deputy ...

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Finance industry retains highest gender pay gap

Financial and insurance services continued to have the highest gender pay gap out of any Australian industry in 2017-18 at 30.3 per cent, according to ...

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ASIC concedes it doesn’t know how to deter misconduct

The corporate regulator has told the Hayne royal commission that it is at a loss over how to successfully prevent misconduct in financial services

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APRA reviewing approach to enforcement action

APRA has announced the terms of reference for the upcoming review that will examine the regulator’s enforcement strategy. APRA established the ...

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APRA to enforce Murray Inquiry recommendation

APRA has proposed changes to the application of the capital adequacy framework for authorised deposit-taking institutions to support orderly ...

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Westpac fined $3.3m for rate rigging

Westpac has been ordered by the Federal Court of Australia to pay a pecuniary penalty of $3.3 million for contravening s12CC of the ASIC Act through ...

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Regulatory reform next on royal commission agenda

The upcoming round of public hearings for the financial services royal commission will focus on misconduct and conduct falling below community ...

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Industry must take more responsibility: APRA

The Australian Prudential Regulation Authority has released its submission to the Hayne royal commission interim report and has told the industry to ...

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APRA under pressure to focus on enforcement

The prudential regulator is bolstering its resources and rethinking its stance on enforcement following heavy criticism during the Hayne royal ...

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ASIC, APRA issue new reporting standard

The corporate and prudential regulators have released a new reporting standard that will make it compulsory for life insurers to report data on claims ...

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