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Regulatory

Consumers ask banks to disclose brand ownership

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
Most Australians believe that multi-branding is a trick used by banks to hide their ownership and would like institutions to disclose who owns them when they advertise, new research found.

Ditch retail prospectuses in some cases, say leading lawyers

ALEX DUNNIN  |  TUESDAY, 19 AUG 2014
Australia should consider dumping retail investment product providers obligations to issue prospectuses as the quid pro-quo for continuous disclosure, a panel of leading finance industry lawyers has said.

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
The Australian Prudential Regulation Authority (APRA) has released the updated framework for the supervision of large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI).

Tribunal sees rise in super admin complaints

ALICE URIBE  |  WEDNESDAY, 13 AUG 2014
Administration concerns were largest category of written complaints to the Superannuation Complaints Tribunal (SCT) for the June 2014 quarter

Administrators fined over 'free ' SMSF set up claims

STAFF WRITER  |  TUESDAY, 12 AUG 2014
The Australian Securities and Investments Commission (ASIC) has ordered a self-managed superannuation fund (SMSF) administration service provider to pay an infringement notice penalty after claiming its service was free.

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
While Australia's financial services regulators are supportive of the government's plans to cut red tape, they have emphasised to Treasury the need for ongoing resources.

Integrate next-gen insurance policies into NDIS

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
Life insurance isn't yet seen as part of the national public policy framework for solving Australia's disability and healthcare challenges but maybe it should be.

We don't want to regulate SMSFs: APRA, ASIC

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
Australia's financial regulators do not want to oversee self managed super funds (SMSF) deliberately avoiding the question when asked at the FSC conference whether they should or would if given an opportunity to do so.

Financial services export industry must rival iron ore

MARK SMITH  |  THURSDAY, 7 AUG 2014
Australia needs to significantly grow its financial services export industry over the next decade to ensure future employment and economic growth, chairman of the Financial Services Council Greg Cooper said in his opening address to delegates at the ...

Australia at heart of new Asia-centric world order

MARK SMITH  |  THURSDAY, 7 AUG 2014
Australia will be one of the countries most impacted by the seismic shift which will put Asia at the centre of a new world order.