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

Search Results

Showing 921 - 930 of 1814 results for "Regulation 2014"

UK FCA to review social media guidelines

ALEX DUNNIN  |  WEDNESDAY, 10 SEP 2014
The UK Financial Conduct Authority (FCA) is conducting a review of how wealth groups use social media to promote their products following concerns that more regulatory clarity may be needed. The review which was launched last month and closes in November ...

FOS demands licensee-funded consumer protection scheme

LAURA MILLAN  |  MONDAY, 8 SEP 2014
All relevant entities licensed to distribute financial products should fund a default consumer protection scheme to ensure consumers are paid when awarded compensation, the Financial Ombudsman Service (FOS) asked in its submission to the Financial System ...

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
The Financial Planning Association urged the Financial System Inquiry to review the definition of 'financial product advice' in the Corporations Act and said that the current regime was "detrimental to innovation." In its second submission to inquiry ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
Group self-annuitisation (GSA) may provide a more affordable alternative to deferred lifetime annuities (DLA) when it comes to dealing with longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission ...

FSC: Appoint an ASIC commissioner for international issues

MARK SMITH  |  THURSDAY, 28 AUG 2014
The Financial Services Council (FSC) has called on the Financial System Inquiry to consider the appointment of a new ASIC commissioner to deal with international regulatory issues and for an agency to be established to coordinate and promote financial ...

Higher education will not fix advice industry problems: Accountants

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
Mandatory education requirements for financial planners will not eliminate the problems that the financial advice sector has experienced in recent years, the Chartered Accountants Australia and New Zealand (CAANZ) said in a submission to the Financial ...

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 ...