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Showing 11 - 20 of 743 results for "Regulations"

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
Assistant treasurer and minister for financial services Stephen Jones has issued life insurance regulations that aim to modernise the legislative framework. The Life Insurance Regulations 2024 establishes a threshold for annuities, dictating that the ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
... leveraging data sharing with government to smooth the complexity of retirement planning. It proposed updating advice regulations to be technology neutral, enabling the adoption of AI and similar technologies, with appropriate protections. "Retirement ...

AI mania will underwhelm advice: Finura

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
... they have traditionally approached the business model of advice," the report read. "With the prospect of smoother regulations and an expectation by the government that super funds will open up advice offerings to members, you would expect an explosion ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... declared as CS services through a ministerial declaration. The instrument is designed to consider the impact of these regulations on the Australian economy, the integrity and stability of the financial system, and the competitive landscape of CS services. ...

Barings prepares new strategies for local institutional investors

ANDREW MCKEAN  |  TUESDAY, 5 DEC 2023
... demand is now experiencing a shift. Barings Private Finance Group APAC head Shane Forster previously pointed out that regulations have raised capital costs for banks in sub-investment grade lending, making the market relatively less attractive. Concurrently ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... Retirement Income Covenant (RIC) to support members in retirement and navigate the intricate landscape of financial advice regulations. Actuary Michael Rice said to get the ball rolling, regulation must match the risks from the consumer's perspective. ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... offering globally competitive incentives, reducing barriers to entry, and maintaining contemporary, secure and stable regulations, to build on our strong foundations as a regional financial hub," she said. "In the coming years, embedded finance and other ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... through its platform," she said. "Today's historic penalties and monitorship to ensure compliance with US law and regulations mark a milestone for the virtual currency industry. Any institution, wherever located, that wants to reap the benefits of ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... would continue to be exempt from complying with disclosure obligations," ASIC said. "Particularly in the absence of regulations, ASIC has assessed that the exemption in [CO 14/541] is operating effectively and efficiently and continues to form a necessary ...

'Critical shortcomings' demand urgent action from trustees: APRA

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... superannuation." Cole also said that APRA is "doubling down" on trustees' handling of operational risks. Effective 2025, regulations will mandate trustees to identify and mitigate risks in end-to-end processes, ensure the continuity of critical operations ...