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Showing 811 - 820 of 6457 results for "regulatory"

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
ASIC commissioner Simone Constant said the corporate regulator is focused on driving consistency and transparency around super fund investments in the private market. "We have an ongoing dialogue with APRA's work around the valuation of unlisted assets ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
Following its recent action against Cbus, ASIC has warned all super trustees to ensure they are processing death benefit claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC has put super funds on notice ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... enhancing its collective skills mix to ensure it is well positioned to approach increasingly complex investment, market and regulatory environments." In response to the announcement, APRA said that while it does not have powers to approve or prevent ...

ASX appoints interim chief risk officer

MATTHEW WAI  |  MONDAY, 18 NOV 2024
... Helen Lofthouse. McDougall has deep expertise in non-financial and financial risk and has a proven track record in regulatory engagement programs and risk culture change in the past, ASX said. Bringing more than 30 years of extensive experience in financial ...

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
The Australian Securities and Investments Commission (ASIC) has filed proceedings against National Australia Bank (NAB) in the Federal Court. ASIC alleges NAB failed 345 of its customers at their most vulnerable when they applied for hardship support ...

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... tasks and product implementation strains profitability and limits service capacity; and balancing data collection for regulatory compliance with data minimisation required by privacy laws remains difficult. The analysis identified a disconnect between ...

Treasury consults on beneficial ownership disclosure reforms

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
... registers free of charge. Among other things, Treasury is consulting on what impact the changes would have on entities' regulatory burden, on business functions, and also whether ASIC should be empowered to determine either the number of issued securities ...

AustralianSuper well placed to achieve mega-scale ambitions: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
... governance, and regular stress-testing," it said. And while the fund's growth ambitions are well underway, Morningstar said regulatory issues and member servicing are hurdles the fund still needs to overcome, applying a Parent Pillar rating of 'Average.' ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
ASIC commissioner Simone Constant has told the ASIC Annual Forum that the regulator is watching potential risks to financial stability as the superannuation sector grows. Questioned on her thoughts around the recent Reserve Bank of Australia (RBA) report ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... Partnership Program to support continued industry participation in this critical project," Lofthouse said. "Our ongoing regulatory engagement with ASIC remained open and constructive. However, it is in the interests of the company and its shareholders ...