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Regulatory

Actuaries call for objectives across retirement system

DARREN SNYDER  |  FRIDAY, 8 APR 2016
The Actuaries Institute has called for the Federal Government to go further than defining superannuation and complementary objectives for the Age Pension and the mandatory superannuation guarantee.

ASIC commences proceedings against Westpac

ALEX BURKE  |  WEDNESDAY, 6 APR 2016
ASIC has commenced legal proceedings against Westpac in the Federal Court in Melbourne for its role in setting the bank bill swap reference rate from 2010 to 2012.

Trio Capital compensation complete

KERRIE SYDEE  |  FRIDAY, 1 APR 2016
The Government will not provide further compensation to two groups of SMSF investors affected by the collapsed Trio Capital.

Treasurer opens doors to ASX competition

ALEX BURKE  |  FRIDAY, 1 APR 2016
Treasurer Scott Morrison has announced the Government's reform package to allow competition in Australia's clearing and settlement services.

ASIC hands Allegianz six month suspension

KERRIE SYDEE  |  FRIDAY, 1 APR 2016
ASIC has placed a six month suspension on Melbourne-based Allegianz's Australian Financial Services Licence (ASFL) for failing to comply with a number of key obligations.

Industry groups slam SEC plan to limit derivatives

WHITNEY FITZSIMMONS  |  THURSDAY, 31 MAR 2016
US industry groups have hit back at a proposal by the Securities and Exchange Commission (SEC) to try to limit investors' exposure to risk.

ASIC releases 2016 enforcement report

KERRIE SYDEE  |  THURSDAY, 31 MAR 2016
ASIC has released its latest enforcement report, highlighting key outcomes for the period 1 July 2015 to 31 December 2015, flagging integrity of financial market benchmarks and disclosure obligations and market abuse as key areas of focus for the future.

ASIC and UK regulator sign fintech deal

ALEX BURKE  |  THURSDAY, 24 MAR 2016
ASIC and the UK's Financial Conduct Authority (FCA) have agreed to support innovative businesses or fintechs entering each other's respective markets.

ASIC calls out weak conflict policy in vertical business

ALEX BURKE  |  WEDNESDAY, 23 MAR 2016
ASIC has called out conflict management policy in vertically-integrated funds management businesses as often being solely designed to conform to regulatory requirements.

Republican brands Dodd-Frank "regulatory waterboarding"

MARK SMITH  |  TUESDAY, 22 MAR 2016
A top House Republican has accused the Obama administration of engaging in "regulatory waterboarding" when it comes to monitoring banks.