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Showing 1 - 10 of 13 results for "Twin Peaks"

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN | FRIDAY, 23 FEB 2024

... Senator Andrew Bragg has called for another Financial System Inquiry (FSI) to address "structural problems" in the twin peaks of financial sector regulation, ASIC and APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear ...

APRA, ASIC provide annual update

CHLOE WALKER | THURSDAY, 16 DEC 2021

... Securities and Investments Commission (ASIC) have released their annual engagement update for 2021. Reinforcing Australia's twin peaks model of regulation, the agencies said they have a longstanding commitment to working together to optimise outcomes ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD | TUESDAY, 5 FEB 2019

... gathered in ASIC investigations. While such a body could have specialist litigation expertise, and it would preserve the twin peaks model, it would be a radical step as it could have other effects on ASIC's work that aren't fully understood. "But, more ...

Conflicts of interest recommendation falls short

KARREN VERGARA | MONDAY, 4 FEB 2019

... endorses the recommendations that a person should be defaulted once into a superannuation account and the retention of the twin peaks regulatory model. "With the release of the final report and the Government's response, we can now move even faster ...

Hayne recommends new regulatory overseer

HARRISON WORLEY | MONDAY, 4 FEB 2019

... of the report's recommendations align with submissions it made to the Commission, including the preservation of the twin peaks regulatory architecture and a greater role for ASIC in the regulation of superannuation. The Commissioner recommended APRA ...

OPINION: Super is Murray's big rock

ANDREW BRAGG | WEDNESDAY, 18 NOV 2015

... Wallis. Paul Keating pushed deregulation through after the Campbell Inquiry (1981) and Peter Costello created the "twin peaks" regulators of APRA and ASIC after Wallis (1997). With these changes, Keating created a competitive financial system and Costello ...

Volcker Alliance proposes new US regulator system

ALEX DUNNIN | MONDAY, 27 APR 2015

... Volcker said the system being proposed is similar to the new UK regulatory structure. It is also similar to Australia's 'twin peaks' model regarding the role of the centralised prudential authority APRA. Regulators mentioned in the report have not so ...

Twin Peaks model optimal for financial stability

ALEX BURKE | WEDNESDAY, 11 FEB 2015

The "Twin Peaks" regulatory model is the ideal approach to ensure financial stability, according to research by the Centre for International Finance and Regulation (CIFR). The model, which pivots on regulation of financial services by independent entities ...

APRA requests more decision-making power

JAMES FERNYHOUGH | MONDAY, 7 APR 2014

... Financial Services Council chief executive John Brogden earlier this year. Brogden said that, while the FSC supports the "twin peaks" of APRA and ASIC, the "scope and role of the two regulators needs to be examined." "On too many occasions over the past ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN | TUESDAY, 1 APR 2014

... Commission (ASIC), as well as improving knowledge sharing between the two regulators. "Commonwealth Bank supports the twin peaks model but has observed growing overlap and inconsistency between regulators in the superannuation context," the submission ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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