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Regulation

regulation

19 February 2019 • By Sarah Simpkins • 1 min read

Bank of Queensland downgrades, cites regulatory cost hike

Bank of Queensland is now expecting its earnings for the half year ending 28 February 1H19 to drop by up to 10 per cent from 1H18, citing a number of ...

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ASIC appeals Westpac best interests ruling

ASIC has made an appeal with the Federal Court against two Westpac subsidiaries, calling into question the decision regarding whether the firms ...

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Industry calls for government consultations on brokers

The industry is calling upon the federal government to initiate consultation with mortgage brokers before any reforms to remuneration are made

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ASIC to pursue harsher penalties for banks

New amendments have passed the senate that will allow ASIC to be able to pursue harsher civil penalties against banks, their executives and other who ...

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ASIC consults on responsible lending update

ASIC has issued a consultation paper to update its guidance on responsible lending in the wake of the royal commission.  ASIC’s guidance to ...

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Concerns around life insurance policy churners unfounded

Concerns that the best interests duty might lead to an increase in churning of life insurance policies appear “unfounded”, according to an adviser ...

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Treasury Laws Amendment to be introduced

The current Australian Parliament disarray has seen Labor attempt to introduce amendments to the Treasury Laws which will strengthen penalties in the ...

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ASIC unveils new $100,000 logo

The Australian Securities and Investments Commission has unveiled a new logo that cost the commission $100,000, according to reports. ASIC had ...

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Former Deutsche Bank FX trader sentenced

A court has sentenced a former options and futures trader who pleaded guilty to falsifying entries in Deutsche Bank’s internal financial records and ...

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APRA capability review launched

The government has announced the panel that will lead the capability review of the Australian Prudential Regulation Authority as recommended by the ...

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