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Showing 41 - 50 of 101 results for "Financial Regulators"

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
... Maroney said. "The SMSF sector's exposure to these asset classes is reviewed regularly by the Council of Financial Regulators and their most recent report in 2019 indicated that there was no need to restrict such activities based on concerns about ...

New Year, new APRA

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... relationships with Australia's key regulatory agencies throughout the year particularly those within the Council of Financial Regulators (CFR) including the Australian Securities and Investments Commission (ASIC), The Reserve Bank of Australia (RBA) ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... the behaviour is sufficiently serious, to seek disqualification of individuals". APRA is just one of three financial regulators investigating Westpac, with ASIC and AUSTRAC also investigating the breaches. Chief executive Brian Hartzer and chair Lindsay ...

RMBS scrutiny could be loosened in US

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... supervision and regulation of mortgage lending by banks. The RBA said that it, along with the Council of Financial Regulators (which includes ASIC and APRA), is monitoring the growth of non-bank lenders for possible emerging financial stability risks. ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... contravened their obligations under the Superannuation Industry Supervision Act. This is the second court loss for financial regulators following the Royal Commission, after ASIC lost its case against Westpac last month, alleging the bank breached responsible ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... statement: "The exposure draft legislation is further evidence of the government's commitment to strengthening financial regulators like ASIC, and restoring trust in the financial system as part of our plan to build a stronger economy." Along with provisions ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... the government's commitment to strengthening consumer protection laws and empowering Australia's financial regulators to enforce the law," Frydenberg said. "In comparison, the Future of Financial Advice Reforms (FOFA), took almost 23 months from ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report by the Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... years down the line, Treasurer Josh Frydenberg said yesterday. The competition regulator and the Council of Financial Regulators will conduct the review to determine how trailing commissions are operating and to consider whether upfront commissions should ...