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Regulation

regulation

31 May 2017 • By Tim Stewart • 1 min read

Bank lobby calls for wider APRA powers

The government’s proposal that APRA be given powers to monitor bank executive conduct should be extended to the superannuation and insurance sectors, ...

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ASIC cancels Gallop International’s licence

ASIC has cancelled the Australian financial services licence of Gallop International Group. According to a statement, ASIC has cancelled the AFSL ...

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ASIC deepens commitment to RegTech

The corporate regulator has proposed a number of new initiatives designed to trial RegTech capabilities and identify possible implementation ...

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Former MFS executives fined and disqualified

The fund manager and four former officers of MFS Investment Management have been disqualified from managing corporations by the Supreme Court of ...

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Bank levy to cost Westpac $260m a year

Westpac has outlined the cost of the government’s proposed bank levy on its balance sheet and, more importantly for investors, its dividend

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Poor advice compensation edges up to $204m

The major banks’ compensation bill for victims of poor advice has increased to $204 million, according to ASIC’s latest update on its ‘fee for no ...

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Liquidators appointed to Courtenay House

The Supreme Court of NSW has made orders, by consent, for the winding up of Sydney-based trading firm Courtenay House following an application by ASIC

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Federal Court disqualifies Avestra AM directors

The two former directors of Avestra Asset Management have been disqualified from managing corporations and restrained from providing financial ...

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Banks seek to delay levy implementation

The Australian Bankers’ Association (ABA) has called for the “usual consultation and policy processes” prior to the implementation of the bank levy ...

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Release bank levy modelling, demands ABA

The Australian Bankers’ Association has called on Treasurer Scott Morrison to release more information on the new $6.2 billion bank levy, including ...

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