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regulation

18 May 2016 • By • 1 min read

Advisers at centre of HSBC Bank EU

HSBC Bank Australia must review and "remediate" clients affected by advisers who gave "potentially deficient advice”, as part of ASIC’s acceptance of ...

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ASIC levy set to jump by 150%

Treasury has released its proposed levies for ASIC and APRA for the 2016-17 financial year, with the levy for the corporate regulator set to increase ...

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ASIC finalises Macquarie Equities review

KPMG has completed a 12-month review of Macquarie Equities' client documentation procedures that was undertaken at the request of ASIC. The ...

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Budget opens way for deferred lifetime annuities

Annuities provider Challenger has thrown its support behind the government's commitment in the federal budget to remove tax impediments to products ...

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Banks welcome AML/CTF legislative changes

The Australian Bankers' Association (ABA) has thrown its support behind recommendations by the federal Attorney-General’s Department aimed at ...

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ASIC backs whistleblowing research project

ASIC has written to more than 30,000 Australian companies encouraging them to take part in academic research focused on improving whistleblowing ...

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ASIC shifts to 'user pays', funding boosted

ASIC chairman Greg Medcraft has received an 18-month extension to his contract and a $127.2 million funding increase, with the regulator set to move ...

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Mixed reaction from industry to new ASIC funding

While the industry has for the most part welcomed ASIC's additional funding, there are concerns that the new $127.2 million does not make up for cuts ...

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Morrison confirms action on bank surveillance

Federal Treasurer Scott Morrison has this morning confirmed how the government will proceed with reported changes to surveillance of the banking and ...

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Royal commission would spook investors: ABA

The Australian Bankers' Association has quickly moved to hose down Labor's call for a royal commission into the banking sector, claiming it would send ...

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