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Regulation

regulation

28 August 2015 • By • 1 min read

Banks must be 'shamed' on vertical integration

There has yet to be "sufficient shame" applied to the banks and their chief executives to reduce the problems inherent in vertical integration, ...

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Don’t get blindsided by culture, warns Murray

Financial System Inquiry chair David Murray has warned ASIC and the government against focusing on culture at the expense of the “clarity of the law” ...

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Four pillars is 'industry policy at its worst'

The 'four pillars' approach to banking competition in Australia only serves to protect domestic banks, with "little or no benefit to consumers", ...

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Don't undermine SG charge: Cbus

Industry fund Cbus has taken exception to the government's proposal to reduce the 'harshness' of the superannuation guarantee (SG) charge for ...

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New OTC reporting rules for super trustees

Super fund trustees are set to face further scrutiny when it comes to over-the-counter (OTC) derivatives, with new reporting requirements to be put in ...

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'Poor supervision' hampering banks: ASIC

ASIC has presented a number of investments banks with the results of a benchmarking study into culture and conduct in an effort to raise industry ...

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ASIC suspends OTC derivatives licence

Over-the-counter (OTC) derivatives provider Australian Capital Markets Advisory Services has had its Australian financial services licence suspended ...

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Dividend changes will hit retirees: ASFA

Abolishing dividend imputation will reduce the annual income of the average retiree by $4,000, says the Association of Superannuation Funds of ...

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Focusing on fees 'breeds mediocrity'

Asset managers must develop a culture that embraces change, rather than falling into age-old industry practices that foster mediocrity, argues ...

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Don’t single us out, says IOOF chairman

IOOF’s failure to sack its head of adviser research after issuing him with two ‘first and final warnings’ reflects widespread financial services HR ...

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