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Regulation

regulation

06 February 2019 • By Sarah Simpkins • 1 min read

Banks pledge to follow commissioner’s ruling

In the fallout of the royal commission’s final report, the five largest banks have all promised to act on Commisioner Kenneth Hayne’s recommendations ...

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Hayne flags new authority to oversee ASIC, APRA

The Hayne royal commission has recommended the establishment of a new oversight authority that will aim to assess the effectiveness of both the ...

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Industry responds to final royal commission report

The final report of the Hayne royal commission was released yesterday afternoon and its recommendations have been embraced by Treasurer Josh ...

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New laws seek to force advisers to disclose bias

The government will seek to introduce new laws where financial advisers will be expected to disclose when they lack “independence” in line with one of ...

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Criminal charges recommended in royal commission report

The final report of the Hayne royal commission was released last night and with it came recommendations of criminal charges in the industry

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Royal commission drops final judgement

Commissioner Kenneth Hayne has prescribed 76 recommendations in his final report for the royal commission, circling in on misconduct around areas ...

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Ex-Trio director warns of ‘creeping corruption’ in financial sector

The former director of collapsed wealth group Trio Capital has warned that systemic failures in the financial services industry will continue in ...

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ASIC snatches Sydney firm’s AFSL, bans director

A Sydney-managed discretionary account services provider has had its Australian financial services licence cancelled by ASIC, along with one of its ...

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Lutheran finance institution gains ADI license

APRA has granted a new license to Lutheran Laypeople’s League of Australia as an authorised deposit-taking institution. LLL, which acts a ...

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APRA applauds its own efforts to derisk mortgage market

The prudential regulator has said that lending curbs imposed to address systemic risks in the mortgage market have had no “undue” impact on the flow ...

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