Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 135 results for %22Council of Financial Regulators%22

Council of Financial Regulators monitors ASX, cybersecurity

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
... 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, Treasury and the Reserve Bank of Australia (RBA), met for its quarterly ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... industry bodies such as the Responsible Investment Association Australasia, the Australian Banking Association, the Insurance Council or the Investor Group on Climate Change, but will be informed by those groups, he added. "The intention is to establish ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... needs of the market and participants," ASIC commissioner Cathie Armour said. ASIC and the RBA, as well as the broader Council of Financial Regulators and the ACCC, were closely supervising the ASX's conduct during the replacement program. "The regulatory ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
At the Financial Services Council Life Insurance Summit, the heads of financial advice industry associations admitted to being blindsided by APRA's intervention on individual disability income insurance. Association of Financial Advisers chief executive ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... the Reserve Bank to provide liquidity assistance to super funds. APRA chair Wayne Byres said the issue was raised at the Council of Financial Regulators - which includes ASIC and the RBA - in the "early days" of the pandemic, when forecasts around the ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... are under a lot of pressure amid the fallout from COVID-19. Locke said the ombudsman's approach would mirror that of the Council of Financial Regulators; adjusting initiatives to allow financial institutions to focus on their businesses and customers. ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... remembering that the workforce of many funds are working remotely just like other affected businesses." The Financial Services Council said it supported the package - which also includes another reduction to social security deeming rates to reflect the ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... conditions "closely", confirming it would take action to keep markets fair and orderly. ASIC's action comes as the Council of Financial Regulators - which includes APRA and the Reserve Bank - said the regulators and government were working closely ...

Regulators should face consequences for non-compliance: FSC

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
The Financial Services Council is calling for ASIC and APRA to face consequences for failing to cooperate with one another. In a submission to Treasury on exposure draft legislation for the Financial Regulator Reform (No.2) bill, the FSC said it generally ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... borrowing arrangements," 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 ...