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Showing 321 - 330 of 522 results for "Powers"

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... would like to see in the future which have been recommended by the Financial System Inquiry, including giving ASIC greater powers to ban bad managers and executives. "We recognise it's not just the frontline advisers who are the people responsible for ...

Another cut's in the mail?

BENJAMIN ONG  |  TUESDAY, 24 MAR 2015
... assist it, and the Reserve Bank is doing that, and will continue to lend what support it can, within the limits of its powers and consistent with its mandate."...and also in the monetary policy statement of 3 March: "Further easing of policy may be appropriate ...

Abuse of reporting rules widespread: Medcraft

MARK SMITH  |  MONDAY, 23 MAR 2015
... when it's not." In his opening remarks Medcraft also said the regulator has served 10 notices on NAB using its compulsory powers and gathered "substantial information." "We are now looking at how NAB identified and then dealt with problem advisers. We ...

Medcraft addresses ASIC's NAB response

ALEX BURKE  |  THURSDAY, 26 FEB 2015
... Wealth's compensation to its advice clients. "We have started our information gathering from NAB Wealth using our formal legal powers. And the bank has been cooperative. ASIC has also initiated discussions with NAB Wealth about reviewing remediation ...

Twin Peaks model optimal for financial stability

ALEX BURKE  |  WEDNESDAY, 11 FEB 2015
... clear allocation of roles and responsibilities between regulators, coordination, transparency and accountability, effective powers of supervision and enforcement, operational independence from the government, a sound governance system and adequate resources. ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... managing their own retirement. The sector has also escaped the attention of the Financial System Inquiry. It seems the powers at be are content to allow SMSF investors to control their own affairs without too much probing from the regulator, but in return ...

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... the design and distribution of products and giving the Australian Securities and Investments Commission (ASIC) increased powers to safeguard consumers were central recommendations in the final report of the Financial System Inquiry (FSI) that was handed ...

Murray calls for ASIC to have more money and power

MARK SMITH  |  SUNDAY, 7 DEC 2014
The Australian Securities and Investments Commission (ASIC) should be given greater powers and more money to do its job. Those were the recommendations laid out by David Murray in his final report to the Financial System Inquiry (FSI). "Regulators' ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... undertake periodic capability reviews. Strengthening the Australian Securities and Investments Commission's funding and powers: Introduce an industry funding model for the Australian Securities and Investments Commission (ASIC) and provide ASIC with ...

Senate grills ASIC after it blocks 250,000 websites

LAURA MILLAN  |  TUESDAY, 2 DEC 2014
... due diligence, transparency and reporting" and is expected to present them to the Committee tomorrow. "The need for such powers, given the scale of criminal activities online, is beyond doubt, but their application needs to be subject to appropriate ...