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Showing 991 - 1000 of 6453 results for "Regulatory"

Trustee boards fail to challenge unlisted valuations: APRA

JAMIE WILLIAMSON  |  THURSDAY, 20 JUN 2024
APRA says there is room for improvement when it comes to trustees' oversight of unlisted asset valuations, finding most super fund boards don't question valuations. In a letter to all RSEs, APRA reminded them of the need to have a robust asset valuation ...

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... management frameworks are still inadequate. This is despite respondents saying risk management is one of the top three regulatory concerns for them. "Those that did have a risk appetite statement typically reviewed it annually. Some licensees had a policy ...

Cbus recruits chief risk officer from Crown

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... Georgiou joins the $90 billion superannuation fund after finishing up as group executive general manager of compliance and regulatory affairs at Crown. Prior to Crown, she spent nearly 20 years at major banks working in senior roles across risk and compliance ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... the judge erred given Block Earner profited from the contraventions it was found guilty of, and in holding that the regulatory complexity was a consideration even where the respondent perceived regulatory uncertainty but deliberately engaged in the conduct ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... advisers. Financial technology firm Padua envisions a future where AI could be used to check if advice firms are meeting regulatory requirements and to check for compliance in advice documents and other supporting materials, such as file notes. Padua ...

Apex, ACA partner to broaden client services

ANDREW MCKEAN  |  FRIDAY, 14 JUN 2024
... added. ACA partner and head of partnerships and alliances Charlie Stout said the strategic alliance combines ACA's regulatory technology platform and advisory capabilities with Apex's suite of global services. "Through this collaboration, it demonstrates ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
The Australian Prudential Regulation Authority (APRA) has released its finalised prudential practice guide to help superannuation trustees, banks and insurers strengthen their management of operational risk and improve business continuity planning. ...

AFCA seeks industry feedback on approaches

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback from the financial services industry on its proposed annual Approach document schedule for financial year 2024-2025. AFCA Approach documents support consumers, small businesses ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... VentureCrowd acknowledged the stop order and confirmed the campaign was promptly closed upon notification. "We respect ASIC's regulatory role and are committed to addressing their concerns. Our CSF campaigns are meticulously planned to ensure compliance ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute ...