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Regulation

regulation

02 December 2019 • By Sarah Simpkins • 1 min read

APRA weighing options against Westpac

APRA’s chairman has indicated the regulator is considering what action it can take against Westpac, mulling over the accountability, governance and ...

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What’s next for Westpac?

With the post-mortem firmly underway, the federal government interrogated Australia’s peak banking association on what Westpac should do next

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ASIC investigates Sydney fund manager

ASIC has launched an investigation into Sydney-based Regal Funds Management, over its trading into certain securities. The listed fund manager told ...

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APRA, ASIC pledge closer partnership

APRA and ASIC have signed an updated collaboration agreement, committing to deepen their cooperation and improve their information sharing

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Westpac opens the emergency exit for retail investors

Westpac will provide a withdrawal option for retail investors who applied for shares in its $500 million share purchase plan prior to AUSTRAC airing ...

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Westpac heads to face accountability law

Treasurer Josh Frydenberg has confirmed Westpac’s leadership team will be examined against the Banking Executive Accountability Regime (BEAR)

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Westpac allegations ‘appalling’: Lowe

RBA Governor Philip Lowe has called on Westpac to raise its standards as other banks scramble to avoid the same fate. “We demand very high ...

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APRA proposes super insurance reforms

APRA has opened public consultation for revisions to its prudential standard around insurance in superannuation, angling for changes such as a maximum ...

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Afterpay breached money laundering legislation

Afterpay breached money laundering law because of incorrect legal advice, according to an auditor. The buy-now, pay-later giant was the subject of ...

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Westpac circles the wagons

Westpac has launched an $80 million response to AUSTRAC’s allegations, but APRA might want a piece of the pie. The bank’s response plan, announced ...

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