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Regulatory

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years.

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback.

Aon, WTW merger will reduce competition: ACCC

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
The ACCC has flagged concerns over Aon's proposed merger with Willis Towers Watson (WTW), throwing a spanner in the works for the two companies.

Woodford flags comeback

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
The UK's financial regulator is warning investors that disgraced fund manager Neil Woodford is launching a new venture, WCM Partners.

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent.

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Westpac announced risk management and rebuilding its culture will be its top priorities for 2021.

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions.

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation.

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
A die-hard Collingwood Magpies fan who, with his wife, scammed friends they met through the football club of over $1 million, has had success at appeal.

ASIC imposes licence conditions on Poynter Hargraves

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
ASIC has hit AFSL Poynter Hargraves Financial Consultants with additional licence conditions, requiring it to remove its sole responsible manager.