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Regulation

regulation

22 October 2018 • By James Mitchell • 1 min read

ASIC provides update on ‘fees for no service’

The corporate regulator has provided an update of an enforceable undertaking on two major bank financial advice subsidiaries regarding its conduct ...

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ASIC, ACCC given stronger unfair contract powers

The government has assigned both the corporate and competition regulators greater investigative powers in assessing the fairness of standard contract ...

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NAB vows to shakeup banker bonus culture

Changes have been made to incentive structures to better align with customer outcomes rather than bank outcomes as a result of the Hayne royal ...

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RBA fears Hayne could trigger credit crunch

The Reserve Bank of Australia has echoed Westpac’s warning that the impact of the royal commission could see further reductions in the availability of ...

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NAB boss ‘ashamed’ of conduct, admits RC error

NAB chief executive Andrew Thorburn has admitted he is “ashamed” of the bank’s conduct, and has changed his view around the need for a banking royal ...

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Regulation changes needed to encourage competition

The government and regulators need to act to level the playing field and encourage competition in the industry says MyState. MyState chairman Miles ...

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Guidelines released to meet BEAR expectations

APRA has released an information paper to assist authorised deposit-taking institutions in meeting their obligations under the Banking Executive ...

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Westpac’s Hartzer warns against regulatory changes

The major bank CEO says any changes to regulation that impact the availability of financial advice need to be “considered carefully”

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ANZ fires 200 staff for misconduct

The big four bank has today revealed that a number of senior executives are included in up to 200 staff whose employment has been terminated as a ...

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Good culture ‘can’t be left to regulators alone’: APRA

The Australian Prudential Regulation Authority has responded to the Hayne commission interim report by saying a good banking system is produced by ...

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