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Regulatory

ACSA creates managed fund taskforce

HARRISON WORLEY  |  MONDAY, 11 FEB 2019
The Australian Custodial Services Association will facilitate an industry taskforce to help address what it deems "systemic" obstacles in servicing managed funds and encourage more standards and automation in the local market.

ASIC gears up for Brexit

KANIKA SOOD  |  MONDAY, 11 FEB 2019
ASIC is liaising with the UK corporate regulator, Bank of England and local stakeholders to prepare for Brexit's impact, it said in a statement.

Treasury initiates review post RC

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
Federal Treasurer Josh Frydenberg has announced an immediate review into how financial counselling services are funded and co-ordinated.

ETP provider fined for misleading promos

JAMIE WILLIAMSON  |  THURSDAY, 7 FEB 2019
The provider of Australia's first exchange-traded bonds has been slapped with ASIC fines totalling more than $25,000 for making misleading statements online.

Royal Commission sobering and overdue: Labor

DARREN SNYDER  |  TUESDAY, 5 FEB 2019
Shadow Treasurer Chris Bowen said a Labor government will establish a Treasury taskforce to help implement all of the recommendations from the banking and financial services Royal Commission.

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
Platforms at the big four banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report.

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
Australia's largest financial institutions said they are committed to improvement following the release of Royal Commission's final report.

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
ASIC's enforcement arm must wrangle more muscle but it should be separated from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said.

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
The business model under fire for much of the Royal Commission has escaped punishment in Kenneth Hayne's final report.

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
The banking, superannuation and financial services Royal Commission has made 76 recommendations to address industry misconduct and Treasurer Josh Frydenberg said the Federal Government will act on each of them.