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Regulatory

Government pushes "regulatory sandbox" for fintech startups

ALEX BURKE  |  WEDNESDAY, 4 MAY 2016
Treasurer Scott Morrison has said the Government and ASIC will work together to create a "regulatory sandbox" for fintech startups to test their business models.

Government allocates $920m pa for Smart Cities infrastructure

ALEX BURKE  |  TUESDAY, 3 MAY 2016
As part of its $50 billion infrastructure investment package from 2013-14 to 2019-20, the Government has announced it will allocate $920 million every year to its Smart Cities program.

Budget CIV plan lets Australia export investment expertise

ALEX BURKE  |  TUESDAY, 3 MAY 2016
The Government has announced in its 2016-17 budget that it will introduce new tax and regulatory frameworks to further facilitate foreign access to Australian funds management services.

Drop in regulator staff numbers under coalition

MARK SMITH  |  MONDAY, 2 MAY 2016
There has been a sharp decline in staff numbers at the regulators policing the financial services industry in the Coalition government's three years in office, according to a new report by the Australia Institute.

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
APRA has released its submission to the Senate Economics Committee on the inquiry into the scrutiny of financial advice - life insurance, claiming that the profitability of the sector is under strain.

Dissatisfied customers 'unreasonable', 'acting improperly': CBA

KERRIE SYDEE  |  FRIDAY, 22 APR 2016
Commonwealth Bank chief executive Ian Narev has brushed aside calls for a royal commission, instead arguing that some customers were simply unreasonable.

Banks launch major consumer protection program today

ALEX BURKE  |  THURSDAY, 21 APR 2016
The Australian Bankers' Association has announced today that banks will immediately commence a comprehensive new program to protect consumers and increase transparency and accountability.

Industry reacts to ASIC reforms

ALEX BURKE  |  THURSDAY, 21 APR 2016
Major industry figures have said they are broadly supportive of the Government's reforms for ASIC, but some are questioning the details of the user-pay scheme.

ASIC user-pay model "eminently sensible": SEC veteran

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
Adopting the industry funding model for ASIC will result in a much more efficient and less politically-motivated regulator, according to former assistant director of the division of enforcement at the US Securities and Exchange Commission Jordan Thomas.

Government boosts ASIC with $127m package

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
Following industry speculation, the Turnbull Government has announced a $127.2 million reform package for ASIC.