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Showing 911 - 920 of 1798 results for "Regulation 2014"

Ditch retail prospectuses in some cases, say leading lawyers

ALEX DUNNIN  |  TUESDAY, 19 AUG 2014
Australia should consider dumping retail investment product providers obligations to issue prospectuses as the quid pro-quo for continuous disclosure, a panel of leading finance industry lawyers has said. The proposal surfaced following the release ...

Law firm rubbishes Grattan fee report

MARK SMITH  |  MONDAY, 18 AUG 2014
Global law firm Herbert Smith Freehills has urged the Financial System Inquiry (FSI) to throw out a controversial report that claims the superannuation system is too expensive. In a submission to the FSI, Herbert Smith Freehills criticises the FSI committee's ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
The Australian Prudential Regulation Authority (APRA) has released the updated framework for the supervision of large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI). ...

Market Wrap AM

AAP  |  WEDNESDAY, 13 AUG 2014
The Australian market looks set to open flat after Wall Street fell following disappointing German economic data and ahead of Wednesday's report on US retail sales. At 0804 AEST on Wednesday, the September share price index futures contract was up four ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
Jeff Carmichael's Promontory Financial Group has been appointed independent expert for the Commonwealth Bank's (CBA) Open Advice Review program. The appointment follows a series of announcements made ahead of the company results, which will be released ...

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
While Australia's financial services regulators are supportive of the government's plans to cut red tape, they have emphasised to Treasury the need for ongoing resources. The government released eight statements of expectations -addressed at each one ...

ACCI calls for end to super in awards

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
The campaign to keep super in awards suffered another setback on Thursday when the Australian Chamber of Commerce and Industry (ACCI) renewed calls for an end to the Fair Work Commission's involvement in selecting default funds. The call, made at the ...

We don't want to regulate SMSFs: APRA, ASIC

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
Australia's financial regulators do not want to oversee self managed super funds (SMSF) deliberately avoiding the question when asked at the FSC conference whether they should or would if given an opportunity to do so. "We don't want to regulate SMSFs," ...

Simplify your products, life insurers told

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
The struggling life insurance industry should focus on developing simpler products if it wants to avoid a repeat of its recent woes, according to Australian Prudential Regulation Authority (APRA) member Ian Laughlin. While acknowledging the industry ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
Disincentives to take super lump sums, a more powerful regulator and a rethink of cross border regulation are among the recommendations Ernst & Young executive director Greg Chipman believes will come out of the Financial System Inquiry (FSI). Chipman ...