Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
Disincentives to take super lump sums, a more powerful regulator and a rethink of cross border regulation are among the recommendations Ernst & Young executive director Greg Chipman believes will come out of the Financial System Inquiry (FSI).

Submissions open for SuperStream pass through amendments

JAMES FERNYHOUGH  |  MONDAY, 4 AUG 2014
The Federal Government has released an exposure draft proposing to amend the Superannuation Industry (Supervision) (SIS) Act to require default superannuation funds to process all default contributions.

ASIC to renew focus on misleading advertising

LAURA MILLAN  |  THURSDAY, 31 JUL 2014
The Australian Securities and Investments Commission (ASIC) has listed advertising of financial products as one of the current and future areas of focus in its latest enforcement report.

ASX agrees to changes after ASIC review

MARK SMITH  |  MONDAY, 28 JUL 2014
The Australian Securities Exchange (ASX) has agreed to make changes to its operations to address a number of issues highlighted by the Australian Securities and Investments Commission (ASIC) in a recent review.

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
Standard & Poor's, ABN AMRO (now RBS) and Local Government Financial Services (LGFS) will not be allowed to appeal a Federal Court ruling in favour of 12 local councils who suffered losses on investments they administered in the wake of the financial ...

Investors vulnerable as property schemes shirk risk disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
Unlisted property fund managers who fail to adequately disclose risks are placing investors in a vulnerable position according to the Australian Securities and Investments Commission (ASIC).

RBS enters enforceable undertaking

STAFF WRITER  |  TUESDAY, 22 JUL 2014
The Royal Bank of Scotland has entered an enforceable undertaking in relation to "potential misconduct" involving the Australian Bank Bill Swap Rate (BBSW), the Australian Securities and Investments Commission (ASIC) has announced.

Confidence key to financial future: Murray

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  TUESDAY, 15 JUL 2014
The first review of the financial system since 1997 may result in lower superannuation fund fees and slow the erosion of retirement nest eggs.

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
The Financial System Inquiry (FSI) Committee, headed up by chairman David Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry.

ASIC considers compulsory advice for complex products

MARK SMITH  |  MONDAY, 14 JUL 2014
Mandatory financial advice for the sale of complex products is among the measures the Australian Securities and Investments Commission (ASIC) is considering to protect consumers from the risks posed by these investment vehicles.