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Regulation

regulation

30 November 2021 • By Maja Garaca Djurdjevic • 1 min read

Westpac admits to widespread failures as ASIC launches legal action

ASIC has launched multiple legal actions against Westpac. ASIC has commenced six civil penalty proceedings against Westpac in the Federal Court, ...

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Sustainable investing a must in a decade: Asset manager

Sustainable investing is going to be a prerequisite in 10 years’ time in order for companies to access capital, according to an asset manager

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APRA urges businesses to begin using its climate risk guide ‘immediately’

The regulator has released its climate risk guide for banks, insurers and super funds. The Australian Prudential Regulation Authority (APRA) has ...

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Bridging gender gap needs leadership, empathy

Leaders in financial services need to recognise gender inequality in the sector and demonstrate empathy to bridge the gap (particularly male leaders), ...

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ASIC imposes additional licence conditions on ASX after 2020 market outage

The corporate regulator has concluded its investigation into the November 2020 market outage at the ASX. On Wednesday, ASIC confirmed it has ...

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RBA expects crypto hype to die down

The RBA’s resident payments expert says current speculative demand for cryptocurrencies could begin to reverse, unwinding recent price increases

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Nuclear weapons ousted from responsible investment list

RIAA has redefined the meaning of a responsible investment product to exclude nuclear weapons and nicotine alternatives. Investors must exclude ...

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Pressure builds on private sector to act on climate change

The private sector is under pressure from investors and customers to act on climate change. Two-thirds of advisers expect increased engagement from ...

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RBA issues stern crypto warning

Australia’s central bank doesn’t think much of meme coins. The Reserve Bank of Australia (RBA) has warned of the “considerable” risks associated ...

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Debt agreement administrator sued for ‘threatening’ conduct against debtors

The corporate regulator has commenced civil proceedings in the Federal Court against A&M Group. ASIC is suing the group for “misleading, ...

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