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Regulation

regulation

28 September 2020 • By Lachlan Maddock • 1 min read

Westpac backpedals on budget day rate cut

Westpac chief economist Bill Evans has revised his prediction for an October rate cut, saying the RBA will wait and see rather than going big for a ...

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Mining company pair cop market manipulation charges

Two men have been charged with alleged market manipulation offences, with the corporate regulator claiming they enacted insider trading and attempted ...

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Mayfair bid against fund liquidation piled on investor costs: trustee

Details of the proceedings that led to Mayfair 101 entity IPO Wealth being liquidated have been spilled by the trustee, with a review containing ...

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Westpac’s record-breaking wake-up call

AUSTRAC has taken its pound of flesh, but Westpac’s record-breaking penalty might just be the start. Just a few weeks ago, Westpac CEO Peter King ...

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Finance sector has ‘too much’ power over Liberal Party, senator says

Senator Andrew Bragg has said the Liberal Party was wrong for initially voting against a number of wealth reforms as well as the royal commission, ...

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Westpac hit with biggest fine in corporate history

Westpac will pay the biggest fine in corporate history for its 23 million breaches of anti-money laundering and counter-terrorism financing (AML/CTF) ...

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Central banks have ‘lost faith’

Central banks are becoming less independent and losing faith in their ability to achieve inflation targets, according to Wellington macro strategist ...

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Fed ‘faces a conundrum’

The Fed has moved to keep rates on hold for three years, but now faces a rocky road to its goal of 2 per cent inflation. The Fed opted to keep ...

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Fundie giants wrestling with foreign investment reforms

The FSC has signalled some of the largest global fund managers are seeing excessive red tape in Australia as an issue, as it implores the government ...

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AUSTRAC fines State Street for funds reporting breaches

AUSTRAC has issued an infringement notice to State Street for around $1.2 million for failing to report international funds transfers. Under the ...

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