Embedded ASIC agents risk ‘capture’: Shipton
ASIC chairman James Shipton is asking the government for additional funds to embed his staff within the major banks, but he is wary of the risk of ‘regulatory capture’.
Royal commission names round four witnesses
A number of financial institutions and insurers will give evidence before the fourth round of the royal commission, focusing on rural and regional financial services.
ASIC issues guidance on AFCA oversight
The corporate regulator has laid out how it will oversee the Australian Financial Complaints Authority (AFCA), which is due to commence on 1 November 2018.
CBA/AUSTRAC settlement approved by court
The Federal Court has approved the $700 million settlement agreed to by CBA and AUSTRAC after the financial intelligence agency took the bank to court for contravening anti-money laundering laws.
Product providers react to Dover collapse
Super funds, investment managers and platforms servicing Dover-aligned financial advisers are scrambling to set policies for payments and authority in the wake of the licensee’s shock closure.
