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Regulatory

Industry welcomes tax cuts and surplus

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Personal tax cuts and the $7.1 billion estimated surplus announced were the main highlights of this year's Budget, Financial Standard's latest straw poll shows.

US relaxes active ETF disclosures

KANIKA SOOD  |  TUESDAY, 16 APR 2019
Australia's active ETF industry could benefit as the US securities regulator softens its stance on daily disclosures for the segment.

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
APRA's new enforcement strategy will see it toughen up, but its safety-first approach will be retained.

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
IOOF has responded to being served with a class action proceeding filed by Quinn Emanuel Urqhart & Sullivan.

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
APRA has confirmed it will hire around 100 more permanent staff after its funding boost.

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
In the second half of last year ASIC brought criminal proceedings against nine individuals on 76 charges, with four people imprisoned as a result and $12.7 million imposed in civil penalties.

FCA hits Goldman Sachs over reporting failures

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
The UK's financial services conduct regulator has fined Goldman Sachs International more than £34 billion over historic reporting breaches.

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
Financial product providers must comply with new laws to improve design and distribution obligations or else face civil or criminal penalties.

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
The ageing population is a fiscal time bomb, according to a new report released by the Budget Office.

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
Proposed changes to superannuation fee disclosures are still too confusing for consumers, warns Industry Super Australia.