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Regulation

regulation

08 December 2020 • By Sarah Simpkins • 1 min read

ASIC extends relief from portfolio holdings disclosure

The regulator has delayed the first reporting date for superannuation funds to disclose their portfolio holdings, as the related regulations are yet ...

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ASIC takes iSignthis to court

ASIC is taking embattled fintech iSignthis and its chief executive John Karantzis to court over sweeping breaches of disclosure obligations and ...

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Watchdog finds ‘poor’ insurance disclosure among super funds

ASIC has criticised poor insurance premiums disclosure among a number of super funds, after evaluating trustees who place members into the highest ...

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Climate transition to happen faster than anticipated: APRA

The transition towards a lower-carbon economy will occur at a faster pace than most people expect, an APRA member has said, warning that investors and ...

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Company director arrested over investment scheme 

A man has been charged with dishonest conduct and arrested over a fraudulent investment scheme.  Mudasir Mohammed Naseeruddin, a former director of ...

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Prepare for more volatility: APRA

APRA’s chair has warned financial services players should be preparing themselves for the next crisis, prescribing capital, liquidity and climate risk ...

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System failures amplifying remediation issues

Defects in institutions’ systems have escalated many remediation programs, according to the corporate regulator, reporting blown up costs for ...

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Westpac hit with new regulatory action

Westpac has been hit with a court enforceable undertaking by APRA after the regulator found it was dragging its feet on risk governance and ...

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‘Immature and reactive’: APRA slams Westpac risk culture

The chief of Westpac has vowed to remedy the bank’s shortcomings, as APRA has slapped it with a wave of new obligations and blasted its risk culture

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RBA makes December rate call

The RBA has had its final say on interest rates for the year as Australia enters a critical period for its economic recovery. The RBA has left ...

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