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Regulation

regulation

08 May 2018 • By Annie Kane • 1 min read

First restricted ADI licence granted

APRA has released its first restricted ADI licence to digital bank 'volt bank', which will be led by former Barclays UK head of mortgages Steve Weston

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Directors could be in crosshairs post-RC

Directors of financial services companies could face stiffer penalties if they fail to provide services honestly and ethically in the wake of the ...

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CBA admits to losing 20m statements

The Commonwealth Bank has admitted it lost 20 million customer statements after a sub-contractor failed to confirm it had destroyed the data

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AFCA receives government authorisation

The Australian Financial Complaints Authority has been authorised by the government, with financial firms and superannuation trustees given until 21 ...

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'Reactive and complacent' CBA enters EU

The Commonwealth Bank has entered into an enforceable undertaking with APRA after the prudential regulator handed down a damning report into the ...

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Changes ahead for product providers: NMG

There is currently no legal requirement for product providers to move legacy clients into cheaper products, but that could change in the wake of last ...

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Likely criminal charges mount as hearings end

Two weeks of royal commission hearings into the financial advice sector concluded on Friday with a lengthy closing statement that implicated nearly ...

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IOOF placates fears about ANZ Wealth

IOOF has sought to calm the market about future liability arising from its acquisition of ANZ’s financial advice businesses and testimony before the ...

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Dover 'protection' policy under the spotlight

Dover Financial Advisers has been taken to task for an "Orwellian" liability policy that appears to be aimed at absolving the licensee of any ...

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RC response must align with global standards

The inevitable regulatory changes that come as a result of the royal commission should be in line with international standards, says APIR Systems

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