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Regulation

regulation

24 September 2020 • By Sarah Simpkins • 1 min read

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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APRA, ACCC agree to increased transparency

The two regulators have signed an updated memorandum of understanding (MoU), with a greater emphasis on information sharing. APRA stated the new ...

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NAB hit with $57.5m penalty

Two entities in the bank’s wealth management division have been ordered to pay a total of $57.5 million for fees-for-no-service breaches. MLC ...

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Former investment analyst sentenced for insider trading

A former investment analyst has been sentenced to three years imprisonment for insider trading in relation to Big Un Limited.  Mr Michael Ming Jinn ...

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Expect more modern slavery regulation, fundies say

An Australian investment manager has called laws around modern slavery a “race to the top” across the industry and various governments, as funds ...

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