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Regulation

regulation

03 August 2023 • By Jessica Penny • 1 min read

Banks given green light to join forces on anti-scam industry standards

The ACCC has given interim authorisation to the banks to join the fight against scams but intends to maintain a watchful eye on their progress

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ASIC takes action against online platform, investment services firm

The regulator has set its sights on multiple financial services companies. Just a day after it promised to continue with “strong, targeted ...

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ASIC pledges ‘strong, targeted enforcement action’ in coming months

The regulator has provided an update on its enforcement actions so far this year. The Australian Securities and Investments Commission (ASIC) has ...

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One more rate hike forecast by NAB as ‘additional insurance’ against inflation

NAB is now the only big four bank that does not believe rates will remain on hold. On the back of the recent pause by the Reserve Bank of Australia ...

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RBA may still hike again despite second consecutive pause

The central bank does not expect inflation will return to target until late 2025. Further interest rate hikes by the Reserve Bank of Australia ...

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Latest interest rate decision revealed by RBA

The central bank has outlined its latest monetary policy decision on the back of Philip Lowe’s penultimate board meeting as governor on Tuesday

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Former investment manager faces court over forged reports

The man is alleged to have created forged portfolio performance verification reports. On Monday, the Australian Securities and Investments ...

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Will softer inflation and retail sales force the RBA to pause?

Economists have failed to reach a consensus regarding the next move of the RBA. Market expectations for another rate hike by the Reserve Bank of ...

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ASX to improve conflict of interest policies amid CHESS replacement

An expert report on ASX’s intra-group conflict management arrangements has made 13 recommendations. Law firm Herbert Smith Freehills has ...

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AFCA complaints increase 34% in FY22–23

The ombudsman received almost 97,000 complaints over the last financial year. The Australian Financial Complaints Authority (AFCA) has announced ...

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