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Regulatory

We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
Commonwealth Bank of Australia's chief executive Ian Narev told a parliamentary inquiry this morning the bank made mistakes and still has a lot of work to do.

NAB chief promises greater accountability

KARREN VERGARA  |  MONDAY, 6 MAR 2017
National Australia Bank chief executive Andrew Thorburn pledged greater accountability and consequences for those who breach codes of conduct at the second round of the banking inquiry in Canberra on Friday.

Westpac faces lending practices breach: ASIC

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
The Australian Securities and Investment Commission is taking Westpac to the Federal Court for allegedly breaching home-loan responsible lending practices.

Super funds trawling eBay for legacy parts

ALEX BURKE  |  THURSDAY, 2 MAR 2017
FSC chief executive Sally Loane believes financial services laws are "locking down" the industry and consumers into out-dated products.

Australia missing golden export opportunity

ALEX BURKE  |  WEDNESDAY, 1 MAR 2017
The current withholding tax regime is severely stifling management of offshore funds, and by extension, the Australian economy.

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
Australians are missing out on thousands in retirement savings due to confusing superannuation products according to consumer advocacy group CHOICE.

ASIC bans Melbourne insurance broker

EMMA RAPAPORT  |  FRIDAY, 24 FEB 2017
Melbourne based insurance broker, Anthony Doring, has been permanently banned from providing financial services.

Super funds receive guidance on RG97

DARREN SNYDER  |  TUESDAY, 21 FEB 2017
Three industry associations have released a joint guidance note to assist superannuation funds prepare for ASIC's deadline on new fee and cost disclosure requirements.

Industry realigns for climate change

ALEX BURKE  |  TUESDAY, 21 FEB 2017
Australia's financial services industry and regulators no longer broadly consider climate change to be a separate, distant or "non-financial" issue.

ASIC watching SMSF advice closely

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2017
ASIC will undertake a major project focused on the advice provided to self-managed super fund clients, particularly around the establishment of SMSFs, as the regulator continues its work to lift the standard of financial advice in Australia.