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Regulation

Big four bank hit with multi-million dollar penalty

A big four bank has been ordered to pay a $5 million dollar penalty by the Federal Court after it was found to have breached the ASIC Act an...

by Lachlan Maddock

more stories

  • Treasury flags tough foreign investment changes

    Treasurer Josh Frydenberg has flagged massive changes to foreign investment rules as Australia’s geopolitical climate becomes more complex...

    by Lachlan Maddock
  • ASIC cancels licence of retail OTC issuer

    ASIC has cancelled the AFSL of a retail OTC derivative issuer after its clients lost hundreds of thousands of dollars. ...

    by Lachlan Maddock
  • ASIC further suspends stockbroker AFSL

    ASIC has issued a further suspension on the AFSL of a firm that once claimed to be “the largest independent stockbroker in Australia and N...

    by Lachlan Maddock
  • Westpac risk culture ‘immature and reactive’

    An independent review has found Westpac’s problems were “sins of omission, not commission” – but the troubled bank is far from exone...

    by Lachlan Maddock
  • Westpac reveals AUSTRAC review

    The embattled bank has unveiled its own findings into the millions of breaches of anti-money laundering law ahead of a potential billion dol...

    by Lachlan Maddock
  • Regulators frisking ME Bank after redraw bungle

    ASIC has blasted how industry fund-owned ME Bank handled its controversial redraw changes, with the regulator alongside APRA indicating they...

    by Sarah Simpkins
  • Could rates go negative?

    The RBA has ruled out the use of negative rates – but is that premature? ...

    by Lachlan Maddock
  • RBA makes rate decision

    The RBA has made its latest cash rate call as Australia sets out on the path to recovery. ...

    by Lachlan Maddock
  • Mayfair lashes out at trustee

    Mayfair has labelled the appointment of receivers to one of its funds as a “serious error of judgement” and blasted claims it might be i...

    by Lachlan Maddock

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