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Regulation

regulation

06 December 2022 • By • 1 min read

ASIC launches first civil court case over alleged DDO breaches

The regulator has commenced proceedings in the Federal Court. ASIC announced on Tuesday that it has begun proceedings against American Express ...

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Federal Court dismisses ASIC proceedings against CBA

The regulator alleged the bank engaged in misleading conduct over monthly access fees. The Federal Court has dismissed proceedings brought by ASIC ...

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RBA ‘sorry’ if Aussies acted on interest rate guidance

Reserve Bank governor Phillip Lowe has apologised to Australians who may have acted on the central bank’s forward guidance that rates would remain ...

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ING to uplift compliance with enforceable undertaking

AUSTRAC has accepted an Enforceable Undertaking from two entities in the ING Bank Australia group. ING has committed to improving its compliance ...

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ASIC streamlines naming conventions for ETPs

The regulator has updated its guidance for the labelling of exchange-traded products. ASIC has released updated guidance on the naming conventions ...

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Why RBA’s ‘Australian exceptionalism’ theory may cause more harm than good

The RBA is expected to persist with its “Australian exceptionalism” narrative despite scant evidence.  Earlier this week, the Federal Reserve ...

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ASIC sues fintech for offering crypto-asset based products

The fintech is alleged to have offered financial products without appropriate registration or an Australian Financial Services Licence. ASIC has ...

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Women underrepresented in asset management roles

Women on average make up 27 per cent of investment teams, new research has shown. All 20 of the Financial Services Council’s (FSC) global and ...

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Government begins consulting on BNPL regulation

Three options have been put forward for regulating the sector. The Albanese government is seeking feedback on three potential options for ...

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APRA proposes ‘enhanced’ risk management obligations for super funds

The prudential regulator has proposed new reforms aimed at protecting superannuation fund members from “poor operational risk event outcomes”

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