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Regulatory

ASIC says AUD spike "not misconduct"

ALEX BURKE  |  MONDAY, 4 MAY 2015
ASIC has provided an update on its investigation into the suspicious spike in the Australian dollar that occurred seconds before the RBA announced it was keeping cash rates on hold at 2.25% on April 7, finding that so far it has been linked to automated ...

ASIC bans incompetent adviser

MARK SMITH  |  THURSDAY, 30 APR 2015
ASIC has banned a Sydney-based adviser for three years for failing to keep records.

Superannuation trustees under the spotlight: APRA

DARREN SNYDER  |  THURSDAY, 30 APR 2015
Some of the trustees of APRA regulated super funds lack understanding of their fund's investment strategy and underlying investments, according to Australian Prudential Regulation Authority (APRA) member Helen Rowell.

APRA releases super reporting standards

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
The Australian Prudential Regulation Authority (APRA) has released 31 reporting standards for the superannuation industry, five of which are still open for further consultation.

Govt should support pensioner reverse mortgage access: CIS

ALEX DUNNIN  |  TUESDAY, 28 APR 2015
The family home should be brought into the pension income test by requiring home-owning pensioners to take out a reverse mortgage, says the Centre for Independent Studies (CIS) in a new report.

Volcker Alliance proposes new US regulator system

ALEX DUNNIN  |  MONDAY, 27 APR 2015
Six years after US financial regulatory mismanagement triggered the GFC, US policy makers are still debating how the US regulatory system should be restructured.

New law to add clarity to business sales

LAURA MILLAN  |  FRIDAY, 24 APR 2015
Draft legislation released by the Federal Government is expected to end uncertainty around business sale transactions.

Industry should help fund ASIC: ANZ

LAURA MILLAN  |  TUESDAY, 21 APR 2015
ANZ top executives supported the idea that the financial services industry should help fund the Australian Securities and Investments Commission (ASIC) so it can "fully police industry behaviour."

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
The Trowbridge report likely won't become the "blueprint" for the life industry, said former Financial Planning Association of Australia chair Matthew Rowe.

Hockey commits cash to infra partnerships plan

ALEX BURKE  |  MONDAY, 20 APR 2015
Australia will provide $25 million to the World Bank Group's Global Infrastructure Facility, said Treasurer Joe Hockey in a statement.