Powered by MOMENTUM MEDIA
investor daily logo

Regulation

regulation

09 June 2020 • By Lachlan Maddock • 1 min read

Stimulus a victim of its own success

The $60 billion JobKeeper bungle was a result of Australia weathering the storm better than previously expected. JobKeeper was formulated in the ...

READ MORE
icon

Big four bank hit with multi-million dollar penalty

A big four bank has been ordered to pay a $5 million dollar penalty by the Federal Court after it was found to have breached the ASIC Act and the ...

READ MORE
icon

Treasury flags tough foreign investment changes

Treasurer Josh Frydenberg has flagged massive changes to foreign investment rules as Australia’s geopolitical climate becomes more complex

READ MORE
icon

ASIC cancels licence of retail OTC issuer

ASIC has cancelled the AFSL of a retail OTC derivative issuer after its clients lost hundreds of thousands of dollars. ASIC cancelled the AFSL of ...

READ MORE
icon

ASIC further suspends stockbroker AFSL

ASIC has issued a further suspension on the AFSL of a firm that once claimed to be “the largest independent stockbroker in Australia and New Zealand ...

READ MORE
icon

Westpac risk culture ‘immature and reactive’

An independent review has found Westpac’s problems were “sins of omission, not commission” – but the troubled bank is far from exonerated

READ MORE
icon

Westpac reveals AUSTRAC review

The embattled bank has unveiled its own findings into the millions of breaches of anti-money laundering law ahead of a potential billion dollar ...

READ MORE
icon

Regulators frisking ME Bank after redraw bungle

ASIC has blasted how industry fund-owned ME Bank handled its controversial redraw changes, with the regulator alongside APRA indicating they are ...

READ MORE
icon

Could rates go negative?

The RBA has ruled out the use of negative rates – but is that premature? While rates are on hold for now – and aren’t expected to rise for years to ...

READ MORE
icon

RBA makes rate decision

The RBA has made its latest cash rate call as Australia sets out on the path to recovery. The RBA has left rates on hold at 0.25 per cent. “The ...

READ MORE