Labor's proposed royal commission into the banking sector would include an assessment of the role and transparency of APRA and ASIC.
APRA has outlined the “poor business planning practices” of various super funds, coinciding with the government’s announcement this week that it plans to replace the ‘scale test’ with an ‘outcomes test’.
The timing of outgoing ASIC chairman Greg Medcraft’s comments about the “ridiculous” nature of hybrid securities has puzzled analysts at Morningstar.
Treasury is consulting on new measures that will give ASIC access to information obtained from telecommunications interception warrants.
The Financial Services Council has released new internal governance and asset stewardship standards for Australian investment managers and asset owners.
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