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Showing 21 - 30 of 54 results for "Council of Financial Regulator"

Super funds handed holdings disclosure win

JAMIE WILLIAMSON  |  FRIDAY, 12 NOV 2021
The superannuation portfolio holdings disclosure legislation has been finalised, with the government delivering a significant victory to super funds when it comes to unlisted assets and derivatives. Released yesterday, the final legislation shows a ...

Climate science skills needed in financial services

ANNABELLE DICKSON  |  TUESDAY, 2 NOV 2021
As the COP26 summit continues, an industry body is calling on the need for greater climate science skills in the financial services industry. FINSIA believes without climate science skills, financial services organisations are at a great risk of negatively ...

Government to strengthen FMI

ANNABELLE DICKSON  |  WEDNESDAY, 9 JUN 2021
The government will soon introduce a regulatory reform package on Financial Market Infrastructure (FMI) following a review by Australia's financial regulators. The Council of Financial Regulators (CFR) consisting of APRA, ASIC, Treasury and the Reserve ...

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
Financial risks of climate change can interact and compound other institutional risks including credit risk, market risk, and liquidity risk, APRA has emphasised in a new practice guide. APRA has released a draft guide for Prudential Practice Guide ...

Council of Financial Regulators monitors ASX, cybersecurity

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
Australia's financial regulators are keeping a watchful eye on the Australian Securities Exchange (ASX) after its operational outage recently and have endorsed a plan for cybersecurity. The Council of Financial Regulators, consisting of APRA, ASIC ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
ASIC and the Reserve Bank of Australia have outlined their expectations for the replacement of ASX's clearing and settlement system CHESS, as it shifts towards more contemporary and flexible software. The importance of replacing the system in a timely ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
APRA has put to bed any rumour that superannuation funds are at risk of facing liquidity issues as a result of the government's decision to allow Australians early access to their superannuation. Appearing alongside ASIC before the Senate Select Committee ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Australian Financial Complaints Authority will shift its dispute resolution approach, prioritising complaints that relate to COVID-19. The ombudsman said although COVID-19 complaints would be fast-tracked, the circumstances under which financial ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
Australia's financial regulators stand ready to take a range of actions to ensure the effective operation of financial markets, including the relaxation of some regulatory requirements and the acceleration of outstanding customer remediation. As ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
SMSF Association chief executive John Maroney has slammed ASIC for a fact sheet published and distributed to SMSF trustees last year. During a speech at a Pritchitt Partners event in Sydney, the SMSFA chief also took aim at FASEA and the ATO. Maroney ...