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Showing 1 - 10 of 135 results for %22Council of Financial Regulators%22

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... this burden and maintain critical investments in customer-focused initiatives," he said. COBA and the Finance Industry Council of Australia collaborated with the government to introduce the reform. Lawrence pointed out that the small size of some customer-owned ...

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

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... "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 deficiencies" in the current regulatory framework necessitate another FSI, with the ...

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... will conduct a review of climate disclosure requirements 2028-29. The review will be led by Treasury, working with the Council of Financial Regulators. Consultation for the draft legislation released today is now open and submissions will close 9 February ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... insurance coverage to lower the premium, increase the excess, or do both." APRA and ASIC are now engaging separately with the Council of Australian Life Insurers (CALI) to determine what steps can be taken at an industry level to improve disclosure ...

CALI takes on Life Code

CHLOE WALKER  |  THURSDAY, 28 SEP 2023
... tomorrow, the responsibility for the Life Insurance Code of Practice (Life Code) will transition from the Financial Services Council (FSC) to the Council of Australian Life Insurers (CALI). Launched last year, CALI is the brainchild of a collective of ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... of our commitment to a future where all Australians can face into retirement with confidence." The Financial Services Council (FSC) also welcomed the government's consultation on a proposed definition and objective for the super system. FSC chief ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... what broadening the definition of intra-fund advice means for their operations. Jones told a recent Financial Services Council event that trustees can expect to offer more holistic financial advice as part of the federal government's adoption of ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... candidate ready to go." Bullock will be responsible for chairing the Reserve Bank Board, the Payments System Board and the Council of Financial Regulators. She will also be responsible for the management of the Bank under the Reserve Bank Act 1959. The ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
... regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council of Superannuation Investors' annual conference in Sydney, Jones called the forthcoming sustainable finance taxonomy ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... consumer interests by targeting poor performing super funds. Responding to yesterday's release, Financial Services Council (FSC) commended the government for listening to feedback from the investment and superannuation sectors by including ten new ...
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