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Regulatory

RBA questions super fund infra investment

ALICE URIBE  |  THURSDAY, 3 APR 2014
The Reserve Bank of Australia (RBA) has questioned the role of superannuation funds boosting funding for infrastructure investment, saying that it is not appropriate to mandate funds to invest in assets to meet "broader national objectives."

FBI launches probe into high speed traders

MARK SMITH  |  THURSDAY, 3 APR 2014
The US Federal Bureau of Investigation (FBI) and securities regulators have opened up an examination into whether high frequency trading (HFT) firms are involved in insider trading.

Lawyer exposes ASIC favours to big players

LAURA MILLAN  |  THURSDAY, 3 APR 2014
Former Australian Securities and Investments Commission (ASIC) lawyer James Wheeldon has revealed the regulator gave favourable treatment to the big end of the market.

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
The Institute of Chartered Accountants Australia (ICAA) has said that the current practice of individual financial advisers operating under the Australian Financial Services Licences (AFSLs) of institutions could result in a decline of competition and ...

ASX calls for Australia-based exchanges

MARK SMITH  |  TUESDAY, 1 APR 2014
The Australian Securities Exchange (ASX) has called for the Financial Services Inquiry to explore introducing requirements for systemically important financial markets infrastructure assets to be placed on-shore.

Murray inquiry initial submissions due today

LAURA MILLAN  |  MONDAY, 31 MAR 2014
Industry stakeholders have lodged their initial submissions to the terms of reference of the Financial Systems Inquiry, which closed today.

Finance broker pleads guilty to car scam identity theft

STAFF WRITER  |  FRIDAY, 28 MAR 2014
A former finance broker has admitted to stealing the identities of former clients so she could buy two cars, sell them to acquaintances and keep the cash from the sale.

ASIC bans former authorised representative

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
Former director and officer of CS Heritage Securities has been permanently banned from providing financial services by the Australian Securities and Investment Commission (ASIC).

FoFA regulations paused, but legislation will go ahead

JAMES FERNYHOUGH  |  TUESDAY, 25 MAR 2014
The plan to freeze the Future of Financial Advice (FoFA) amendments applies only to the regulatory changes, Senator Cormann's office has confirmed.

Australia has softer approach to corporate wrongdoing

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
Australia has a softer approach than other countries to corporate wrongdoing, a report by the Australian Securities and Investments Commission (ASIC) released today found.