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Regulation

regulation

16 November 2015 • By Tim Stewart • 1 min read

APRA boss defends risk modelling

Risk modelling may have gone from the "penthouse to the doghouse" in the wake of the global financial crisis, but APRA chairman Wayne Byres continues ...

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ANZ to pay back $13 million to customers

Around 20,000 customers ANZ customers will be compensated approximately $13 million after the bank failed to apply bonus interest to its Progress ...

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Banks already pay GST, says KPMG

Calls to broaden the GST base to financial services miss the fact that financial institutions already pay GST via input taxation, says KPMG

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Final life insurance package released

The government has released its final life insurance industry package, reducing the three-year clawback policy, but making no changes to commission ...

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Tough year ahead on capital ratios, says APRA

APRA chairman Wayne Byres has admitted Australia is "not entirely the master of its destiny" when it comes to capital ratios, with international ...

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ASIC fines forex provider

ASIC has fined foreign exchange trading platform and product provider, Online Capital Markets (OCM), for false and misleading advertising

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Breach reports to ASIC up 18 per cent

ASIC received 1,635 breach reports in 2014-15, up 18 per cent from 1,388 in the previous year – but only 42 per cent were referred for further ...

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$12.5 million in FOS claims still unpaid

Over $12.5 million in Financial Ombudsman Service (FOS) determinations remain unpaid to consumers – and financial planning and advisory firms account ...

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Boards still lagging on gender diversity

The number of female board members is still strikingly low, with women only making up 14 per cent of board positions in the ASX101-200, according ...

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ASIC reports on HFT and dark liquidity

High-frequency trading (HFT) remains steady at 27 per cent of total equity market turnover, and dark liquidity has remained constant at 25-30 per cent ...

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