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Showing 51 - 60 of 104 results for "Financial Regulators"

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 ...

Global Financial Innovation Network launches

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
ASIC is helping launch the Global Financial Innovation Network, a group of financial regulators that aim to promote financial innovation across borders. ASIC is part of GFIN, which supports cross-border testing of innovative businesses. In floating ...

AI ramping up but legal risks remain

KANIKA SOOD  |  FRIDAY, 16 NOV 2018
... Revisited which builds on the law firm's 2016 survey on AI. Only 32% of the leaders surveyed believed that financial regulators have sufficient understanding of technologies and the impact they have on the sector currently. Nearly 60% believed that ...

Future Fund appoints to board

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... effective today. Fraser previously sat on the boards of Reserve Bank of Australia (RBA) and Australian Council of Financial Regulators. He was also a secretary to the Department of Treasury for three and a half years. "Mr Fraser has substantial experience ...

Scrapping LRBAs would be detrimental to investors

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
... retirement savings goals," he said. "It's to be hoped that the current review of LRBAs by the Council of Financial Regulators gives this form of debt full and objective consideration." Thinktank has financed 265 LRBAs since December 2013, with the current ...

Post Royal Commission change is all talk: Shipton

JAMIE WILLIAMSON  |  MONDAY, 22 OCT 2018
... on an adjusted basis (in terms of financial services GDP and financial services population), Hong Kong's financial regulators are three times the size of Australia's," he said.

Social media singles out ASIC in Royal Commission coverage

ALEX BURKE  |  MONDAY, 16 APR 2018
... incapable of reforming the advice industry. It would have made more sense to have had a Royal Commission into the financial regulators rather than the banks. We all know banks systemically engage in illegal misconduct, but what most don't know is that ...

Ex-RBA Governor joins Macquarie

JAMIE WILLIAMSON  |  FRIDAY, 27 OCT 2017
... Stevens was with the RBA for 20 years, during which time he also acted as chair of the Australian Council of Financial Regulators, was a member of the Financial Stability Board and sat on a range of G20 committees. A professional economist, Stevens is ...