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Showing 1561 - 1570 of 7844 results for "Open"

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
Draft legislation compelling ASIC and APRA to work with one another in overseeing the financial services industry is open for consultation. The government has taken a major step towards ensuring the cooperation of the corporate and prudential regulators ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
... consumer-centric approach in their business and are better managing non-financial risks." Consultation on ASIC's guidance is open until March 11.

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be able to share their financial data, including credit and ...

New Year, new APRA

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... regulatory risk being managed KPI 4: Compliance and monitoring approaches are streamlined and coordinated KPI 5: Regulators are open and transparent in their dealings with regulated entities KPI 6: Regulators actively contribute to the continuous improvement ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
ANZ is the latest of the big four to be hit by the banking blues - identifying 3.4 million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told ...

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... available to others and, second, that non-banks have some data that is useful for banking business." These regulatory changes are open banking and consumer data right (CDR), which allow consumers to own their banking data, allowing them to share this ...

VFMC partners for transformation

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... its transformation strategy, VFMC said it looked for solutions that improve data quality while also offering a flexible and open platform capable of scale as assets under management also grow. VFMC chief executive Lisa Gray said it was essential for ...

More MySuper accounts close than open: APRA

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... MySuper accounts were opened than closed. APRA reports that in the previous financial year 2,261,120 new MySuper accounts open, while just 1,879,737 closed. Asked what could account for the imbalance, Rainmaker head of superannuation research Jason Ross ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... utmost good faith by avoiding the customer's insurance contract. Orr added that due to the insurer's admission, it was open to find that "TAL systemically breached its duty of good faith when communicating with policyholders whose policies had ...

J.P. Morgan secures mandate extension

ELIZA BAVIN  |  MONDAY, 16 DEC 2019
... fund has signed a five year contract extension with J.P. Morgan to continue its custody services mandate, after a formal open-market tender process. Local Government Super said significant growth and structural change to its offerings prompted management ...