The Financial Services Council has released new internal governance and asset stewardship standards for Australian investment managers and asset owners.
The credit ratings of the major banks have emerged unscathed following APRA's announcement that it will increase its capital requirements to 10.5 per cent.
A compliance check conducted by ASIC has revealed that accountants operating with a limited AFSL are uncertain about their new compliance obligations.
Recent attempts to curb unpaid superannuation will only help one out of 10 affected individuals, says lobby group Industry Super Australia.
The corporate regulator has proposed a new regulatory regime for financial benchmarks including the bank bill swap rate, the consumer price index and the cash rate.
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