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Search ResultsShowing 51 - 60 of 100+ results for "Regulatory"
Xinja returns deposits
ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
The neobank has become the first Australian bank to return its customer deposits after it withdrew its banking products and announced the return of its authorised deposit-taking institution (ADI) licence. The Australian Prudential Regulation Authority ...
Hume advocates for affordable advice
KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
... innovating in response to the challenges of COVID-19," she said. Hume acknowledged that some interpretations of current regulatory settings are creating barriers to consumers seeking good-quality, affordable personal advice. "The government supports ...
Group insurance using shoddy data: Rice Warner
KARREN VERGARA  |  TUESDAY, 19 JAN 2021
... ASIC. Members paid an estimated $4.1 billion in insurance premiums in the 2020 financial year alone. With the onset of regulatory reforms, it appears that insurers and super funds aren't able to stay on top of new legislation and reflect the changes ...
Shipton $200k out of pocket
ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
ASIC chair James Shipton has lost out on close to $200,000 in salary since going on a leave of absence last year. The top corporate cop went on a leave of absence in October last year as he awaited an outcome of a review into his remuneration arrangements ...
Morningstar introduces new platform
KARREN VERGARA  |  FRIDAY, 15 JAN 2021
... able to evaluate moments in time such as mergers and acquisitions, stock splits, security trades, and governmental and regulatory updates alongside research and valuation data to tell the whole story," he said. Dow Jones general manager of global partnerships ...
IFM impersonated in scam
ELIZA BAVIN  |  THURSDAY, 14 JAN 2021
IFM Investors has become the subject of an email scam as it also battles claims it overvalued certain assets. IFM said the email, purporting to be from the company, has been sent to members of the public requesting them to fill out an application form ...
Fund manager charged with defrauding investors
ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
A fund manager has been charged with misappropriating over US$7 million from retail investors who he had duped into believing he was an experienced and successful investment manager. The Securities and Exchange Commission in the US charged Eric Malley ...
ASIC cancels stockbroker AFSL
ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
The corporate regulator has cancelled the Australian financial services licence of Halifax Investment Services nearly two years after it was placed into administration. The cancellation took effect from 8 January 2021 and allows the licence to operate ...
Australian banks among most fined
ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
Australian banks have taken the inauspicious title of second most fined in the world for 2020, according to new data. The research from Finbold found that US banks had to pay the most in fines of anywhere in the world - with 12 fines against US banks ...
FASEA urges advisers to maximise exam sittings
ELIZABETH MCARTHUR  |  MONDAY, 11 JAN 2021
... ASIC Financial Adviser Register. FASEA is in the process of being shut down and its functions transferred to other regulatory agencies as the government seeks to act on the Royal Commission's recommendation that the advice sector be regulated by a single ...
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