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Showing 1561 - 1570 of 2812 results for "Regulation"

Westpac to open branch in Shanghai

JAMES FERNYHOUGH  |  TUESDAY, 8 APR 2014
Westpac has received approval to set-up a sub-branch in the Shanghai Free Trade Zone (FTZ), becoming one of the first foreign banks to take advantage of the pilot program. The FTZ spans 28.78 square kilometres, and grants financial institutions exemptions ...

APRA requests more decision-making power

JAMES FERNYHOUGH  |  MONDAY, 7 APR 2014
The Australian Prudential Regulation Authority (APRA) has used its submission to the Financial System Inquiry to call for increased independence from government. APRA's submission argues that it needs more freedom to regulate the banking, superannuation ...

Government will go ahead with FoFA changes: Ciobo

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
... these amendments, demonstrating that Cormann's decision not to push the amendments through by the 'back-door' route of regulation has no bearing on the long-term plan of enshrining the amendments in legislation.

FBI launches probe into high speed traders

MARK SMITH  |  THURSDAY, 3 APR 2014
The US Federal Bureau of Investigation (FBI) and securities regulators have opened up an examination into whether high frequency trading (HFT) firms are involved in insider trading. According to reports, the Securities and Exchange Commission (SEC) ...

Life insurers need more 'wise old heads': APRA

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
... perspective and avoid falling into the same traps, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Laughlin said that the drop in the average age of management - though a positive in some respects - means ...

ASFA and AIST push for tighter regulation of SMSFs

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
... major superannuation industry bodies have used their submissions to the Financial System Inquiry to call for tighter regulation of the self-managed superannuation funds (SMSF) sector. Both the Association of Superannuation Funds of Australian (ASFA) ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
... Future of Financial Advice (FoFA) reforms being put on hold for further consideration, it is important to settle on regulation that while protecting consumers, is both practical and designed to last. The ongoing debate over the FoFA reforms is not assisting ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
... that trustees have only recently gone through "the rigorous and costly process" of achieving the Australian Prudential Regulation Authority (APRA) MySuper product authorisation. "For trustees to now have to apply to another body for the right to compete ...

Count and SPAA partner to provide SMSF training

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
Count Financial and the SMSF Professionals' Association of Australia (SPAA) have partnered to provide self-managed super fund (SMSF) specialised training and education to Count members. Count is encouraging its advisers to join SPAA by offering them ...

FEATURE: Facing the perfect storm

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
... 31.3% from the previous year's profit of $3 billion, according to the latest figures from the Australian Prudential Regulation Authority (APRA). Insurers' gross policy expenses went from $6.5 billion in 2012 to $7.1 billion in 2013, with death and disability ...