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Regulation

regulation

10 November 2015 • By Alice Uribe and Scott Hodder • 1 min read

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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ASIC needs three-year funding

The Governance Institute has voiced its concern over the federal government’s decision not to provide ASIC with a three-year funding model, arguing ...

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NAB expands advice remediation program

National Australia Bank has begun writing to clients who may have received poor financial advice as part of a broader initiative that has seen $1

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Govt responds to Murray inquiry

The Coalition government has released its response to the final report of the Financial System Inquiry.  The government's response comes more than ...

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