Latest News:
- RateSetter finalises $10.5m capital raising
- New fee disclosure rules ‘inequitable’: ISA
- ASX to provide blockchain update in December
- The ‘most valuable player’ of investing
- Managed Accounts Holdings to acquire Linear
- Where to from here for the banks?
- Frontier Advisors CEO resigns
- Banks condemn 7-day BEAR consultation
- New fixed income boss for Janus Henderson
- Propertylink rejects Centuria takeover bid
Regulation
Financial competition still exists, says APRA
The high level of “concentration” within Australian financial services is not necessarily an impediment to competition, according to APRA.
CBA’s reputation woes bad for the country: APRA
APRA has said the recent damage to CBA’s reputation is “unhealthy for the bank, it’s unhealthy for the banking system and it’s unhealthy for the country”.
New APRA powers ‘difficult to argue against’
The government’s Banking Executive Accountability Regime will bring APRA’s powers in line with its international peers, says chairman Wayne Byres.
CBA inquiry panel members revealed
APRA has released the terms of reference for its inquiry into the Commonwealth Bank, along with the panel members selected to oversee the process.
Government to beef up ASIC’s banning powers
ASIC could soon have the ability to prevent individuals from performing any function within financial services – including management roles.
