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Regulatory

FCA stokes intergenerational wealth debate

HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
The Financial Conduct Authority published an intergenerational wealth discussion paper in the hopes of igniting debate over how the financial services industry should respond to the nation's shifting demographics.

APRA flexes new muscles

HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
APRA has invoked its new powers for the first time, directing IOOF and its superannuation entities to implement and maintain an Office of the Superannuation Trustee (OST) within the group or risk facing a financial penalty.

Crypto scams bite UK

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
Investors in the United Kingdom lost more than £27 million to cryptoasset and forex scams in the last year.

Fairness key to meaningful change: Shipton

HARRISON WORLEY  |  MONDAY, 20 MAY 2019
For the financial system to really improve, fairness needs to be embedded into financial institutions, according to ASIC chair James Shipton.

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
A former Kaz Capital adviser has been banned by ASIC for six years.

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
ASIC has initiated public consultation on the creation of new standards for financial firms handling consumer and small business complaints.

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
ASIC has launched three regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations.

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
Fifty-eight Australian financial services (AFS) licensees have had their authorisation revoked after ASIC found they were also authorised representatives of other AFS licensees.

Couple faces prison over ponzi-style scam

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
A ponzi-style investment scheme that defrauded Collingwood Magpies fans out of more than $800,000 has seen one man convicted on dishonesty charges while his wife is already serving time for fraud offences.

FCA begins financial advice market review

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
The UK's financial services regulator is reviewing the state of the financial advice market to determine how well it is delivering on consumer outcomes.