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Regulatory

FSC speaks out against elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
The Financial Services Council affirmed its support of the Australian Law Reform Commission's proposed amendments to help combat elder abuse.

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
ASIC confirmed the completion of ANZ's independent compliance review.

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
Suncorp paid a total of $530,000 in penalties for breaching consumer protection laws.

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
A battle over the definition of personal and general financial advice will play out in the Federal Court following ASIC's decision to bring civil proceedings against Westpac subsidiaries.

Goldman Sachs fined $120m for rate rigging

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
Goldman Sachs will pay a $120 million penalty for attempting to rig global benchmarks for interest rate products.

Robo-advice needs monitoring: IOSCO

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
ASIC and other international regulators are coming to grips with the difficulties of monitoring robo-advice solutions and tools.

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator.

Government shelves ASIC register sale

ALEX BURKE  |  WEDNESDAY, 21 DEC 2016
The Federal Government has unexpectedly terminated its sale of ASIC's registry.

Whistleblower protections under microscope

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
The Federal Government aims to strengthen whistleblower protections in the tax and corporate sectors by reviewing several identity and disclosure rules.

Super skimming adviser permanently banned

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
A Gold Coast adviser was permanently banned by ASIC for acting dishonestly and engaging in misleading and deceptive conduct.