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Regulation

regulation

01 September 2016 • By Tim Stewart • 1 min read

Bank failures must be ‘orderly’: APRA

APRA learned some hard lessons from the collapse of HIH in 2001, and the regulator is determined to avoid “disorderly” failures in the future, says ...

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Macquarie fined $400,000 over van Eyk fund

Macquarie Investment Management has been ordered to pay a penalty of $400,000 for failing to comply with its duties as the responsible entity of the ...

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'Single RE' model dissuading foreign investors

Australia’s unique approach to responsible entity (RE) arrangements is leading to both real and perceived conflicts of interest and is preventing ...

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Regulatory change needs new approach: Tria

The government should consider a more streamlined approach to regulatory change – as well as deregulation – to bring down industry costs, says Tria ...

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Westpac announces NZ$250m capital raising

Westpac has announced a new bank notes offer aimed exclusively at New Zealand investors, following the success of the bank's capital notes offer ...

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Cost of delayed reform in the billions

The Financial Services Council says the cost of ongoing reviews and delayed action on financial services legislation reform has cost the Australian ...

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Banks must do better on cyber security: KPMG

Changes to the Privacy Act that make it mandatory to report serious data breaches could have grave reputational consequences for financial ...

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ASIC uncovers 'misleading and deceptive' IPOs

An ASIC review of due diligence during the IPO process has uncovered prospectuses with "defective" levels of disclosure, 'box-ticking' approaches and ...

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Bank remuneration review announced

The Australian Bankers’ Association (ABA) has announced an independent review of remuneration practices, to be led by former Australian Public Service ...

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IOOF 'satisfied with result' of ASIC inquiry

Financial services firm IOOF has sought to play down ASIC's 12-month investigation into its compliance practices, pointing out the regulator's inquiry ...

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