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regulation

13 August 2019 • By Eliot Hastie • 1 min read

ASIC highlights financial risk of climate change

ASIC has updated its climate change-related disclosure to highlight the systemic risk that climate change poses to entities’ financial prospects

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Financial sector should not be taken for granted: APRA

APRA has appeared before the economics committee and assured the government that the financial system was sound and resilient, but it should not be ...

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CBA on track to meet prudential inquiry requirements

The fourth report into Commonwealth Bank’s remedial action plan following APRA’s prudential inquiry shows that the bank has made solid progress

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Industry needs to restore self-regulation: APRA

APRA chairman Wayne Byres has blamed weak self-policing in finance services for the need for heightened formal regulation, in response to complaints ...

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Companies inaccurately assessing asset values: ASIC

A number of companies have continued to make “unrealistic and unsupportable” assumptions about future cash flows, according to ASIC’s review of 125 ...

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APRA fines Westpac for failing to meet reporting requirements

APRA has fined Westpac and two of its subsidiaries for failing to meet their legal obligations to report data to APRA.  Westpac, along with St ...

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Markets Disciplinary Panel streamlined by ASIC

ASIC has updated its regulatory guidance on the operation of the Markets Disciplinary Panel to simplify and streamline it. The MDP, which acts ...

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APRA on track to deliver royal commission recommendations

APRA has provided a six-month update on the delivery of the royal commission recommendations and has advised it is on track to meet its deadlines

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Government launches inquiry into reducing red tape

The Business Council of Australia has welcomed the Morrison government’s announcement to establish a Productivity Commission review into streamlining ...

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Government expands financial services inquiry

The Coalition government has expanded the inquiry into the financial services sector and the royal commission implementation. Treasurer Josh ...

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