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Showing 1 - 10 of 102 results for regulating

Policymakers face significant challenge in regulating AI

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... to Kevin Hebner, managing director, global investment strategist with Epoch Investment Partners, those charged with regulating AI are facing pressure from citizens to ensure their safety. Given the market imperative, big technology companies have turbocharged ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... government has released the Corporations and Competition (CS Services) Instrument 2024, a new legislative proposal aimed at regulating clearing and settlement (CS) services. The proposed instrument, issued under the authority of assistant treasurer Stephen ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... 125bps for FY23, and NIM will continue to be under pressure in FY24," AMP said. APRA faces a quandary in how it balances regulating small versus large financial institutions, keeping in mind if the former can thrive in the long term with the current ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... adhere to Australian financial services laws, requiring digital asset platform operators to obtain an AFSL. Treasury's Regulating digital asset platforms' consultation, released today, mandates that exchanges with over $5 million in assets or an individual ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... fact that they are subject to dual jurisdictions should be reviewed. The federal government has responsibility for regulating financial products while states and territories are responsible for real property. "The overlap between jurisdictions overseeing ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... estimated cost recovery amount is $55.5 million for licensees that provide personal advice to retail clients. The cost of regulating the sub-sector in the 2021-22 financial year was $56.7 million. Breaking down the $55.5 million, ASIC said enforcement ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... not explicitly captured by the existing model, he said. As such, the government is currently considering options for regulating BNPL products, including the introduction of licensing obligations. The review recommends changes to certain sub-sector definitions ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... regime contains fundamental norms and expectations that differ in purpose and substance from the more general provisions regulating financial services. In other words, financial advice is regulated differently to other financial services," the ALRC said. ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
ASIC flagged it will take a formidable role in regulating how artificial intelligence will impact the securities and corporate sectors. ASIC chair Joe Longo unveiled much of the regulator's agenda in the short term, with AI taking up a "high and important ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... exchange, BTC Markets expressed full support for the Digital Assets Bill, recognising it as a crucial first step in regulating Australia's crypto industry. BTC Markets chief executive Caroline Bowler said that regulatory clarity has been a significant ...
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