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Regulation

regulation

20 August 2019 • By Sarah Simpkins • 1 min read

ASIC investigates Forex trading website

The Australian Financial Complaints Authority (AFCA) has received a high volume of complaints regarding online stockbroker Forex Financial Services, ...

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Enforcement into the big 6 rises by 51%

The establishment of the ASIC Office of Enforcement has seen enforcement investigations into the big six rise by 51 per cent. The ASIC Enforcement ...

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Finance misconduct lost Australians $201bn

More than half of the population (54 per cent) have been negatively affected by misconduct among finance service providers, with a new study ...

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Major banks to participate in credit reporting system

The government is set to reintroduce legislation that will require the big four banks to participate fully in the credit reporting system with new ...

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APRA opens floor to updated margin requirements

APRA has opened a cross-industry consultation for amendments to its margin requirements for non-centrally cleared derivatives. The changes to ...

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APRA applies capital requirement to insurer

APRA has announced that it will apply an additional $250 million capital requirement to one insurer to reflect the issues identified in its ...

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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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