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Regulation

regulation

06 March 2017 • By Tim Stewart • 1 min read

NAB boss questioned about breach reporting

NAB chief executive Andrew Thorburn has downplayed the need for a public breach reporting regime in an appearance before a parliamentary inquiry

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Capital requirements top of APRA’s agenda

Bank capital requirements will be APRA’s main policy focus for 2017, according to chairman Wayne Byres. Speaking before the Senate economics ...

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BGC Partners fined $90k

BGC Partners has paid a $90,000 fine to comply with an infringement notice issued by the Markets Disciplinary Panel, ASIC has said. The Markets ...

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Whistleblowers need a ‘standalone Act’

Australian whistleblowers need a single piece of legislation to protect them, separate from the “narrow” provisions within the Corporations Act, says ...

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'Rushed' crowdfunding legislation under fire

The government is likely to push through its crowdfunding bill after it received approval from a Senate committee yesterday, but objections to the ...

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CBA advice compensation reaches $23m

The Commonwealth Bank has finalised the 8,600 client assessments that constitute its Open Advice Review program, with total compensation offered to ...

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KPMG to scrutinise NAB super trustee

Nulis Nominees, the trustee for NAB’s superannuation funds, has commissioned KPMG to conduct an independent assurance review following an agreement ...

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ABA backs ‘one-stop-shop’ EDR scheme

The Australian Bankers’ Association (ABA) has supported the proposed replacement of the three existing financial services external dispute resolution ...

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Australian bank oligopoly ‘alive and well’

The big four Australian banks are likely to continue to benefit from the ‘wealth effect’ created by strong asset values, with investor concerns about ...

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Banks falling short on consumer initiatives

The Australian banks have put in a "mixed performance" when it comes to the implementation of new initiatives aimed at better protecting consumer ...

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