Suncorp Bank has paid infringement notice penalties totaling $270,000 dollars, as well as $260,000 in remediation, following a breach of consumer protection provisions, ASIC has announced.
The Commonwealth Bank and NAB have both agreed to enforceable undertakings with ASIC in response to the conduct of their wholesale spot foreign exchange businesses between 2008 and 2013.
ASIC has accepted enforceable undertakings from both the Commonwealth Bank of Australia (CBA) and NAB regarding the conduct of their wholesale spot foreign exchange businesses.
Treasury has released a new proposals paper that outlines new product intervention powers for ASIC and design/distribution obligations for product providers.
Treasury has released a consultation paper on the Financial System Inquiry’s comprehensive income products for retirement (CIPRs).
New leadership for Ausbil microcap fund
Infocus redesigns leadership structure
Countplus names new board chair
Australia must embrace open APIs
French elections have Europe spooked
Making the argument for alpha