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Regulation

regulation

03 April 2019 • By Adrian Flores • 1 min read

Beefing up of regulation a government priority

The government has allocated more than $550 million in the 2019-20 budget to strengthen both ASIC and APRA in response to the Hayne royal commission

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Regulators release ‘world-leading’ life insurance data

APRA and ASIC have published a series of publications and an online tool allowing policyholders to compare life insurers’ performance in handling ...

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Grandfathered commissions to be banned by government

The government has announced regulations requiring advisers to pass to their clients the benefits of any previously grandfathered conflicted ...

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Life insurers acting promptly with code reform

The majority of life insurers have acted within the required timeline on claims, following the overhaul of the Life Insurance Code of Practice ...

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‘Meaningful change is the responsibility of financial institutions’ - ASIC

ASIC has put the onus on the financial institutions to create meaningful change in the industry following a turbulent 2018.  The chair of the ...

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$35m war chest to fight corporate crime

The government has announced that the jurisdiction of the Federal Court of Australia will expand to include corporate crime, with the coalition ...

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APRA updates information security guidance

APRA has released for consultation its updated guidelines on protecting against the rise in information security risks, including cybercrime

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ASIC winds up managed investment schemes

The corporate regulator has confirmed orders from the Federal Court of Australia that Endeavour Securities and Linchpin Capital Group are in ...

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APRA targets climate risks in financial sector

APRA has pledged to up its scrutiny of how banks, insurers and superannuation trustees are managing the financial risks of climate change to their ...

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ASIC given extra powers under new proposal

The corporate regulator will have more powers to hold financial services industries to account for misconduct under a new government proposal

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