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Regulatory

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
The Actuaries Institute has called for profound change to the regulation of the retirement phase of superannuation, including changing the rules around lumps sum withdrawals and removing impediments to older people who want to continue working.

Bendigo Bank lifts cash profit

AAP  |  MONDAY, 17 FEB 2014
Bendigo and Adelaide Bank has lifted its first half cash profit almost 10% after lower funding costs helped improve its margins.

PROFILE: Assistant Treasurer Arthur Sinodinos

ALICE URIBE  |  WEDNESDAY, 12 FEB 2014
A career in the public and private sector has set the Assistant Treasurer Arthur Sinodinos in good stead for his challenge to change the financial services sector. Alice Uribe reports.

Regulation holding financial services back: Brogden

MARK SMITH  |  TUESDAY, 11 FEB 2014
Financial Services Council (FSC) chief executive John Brogden has blamed "out-dated" regulation and taxation for Australia's failure to effectively export its financial services business.

ASIC extends short PDS relief

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
The Australian Securities and Investments Commission (ASIC) has extended interim class order relief from the shorter product disclosure statement (PDS) regime for multi-funds, superannuation platforms and hedge funds.

Charterhill assets frozen

HARRY PAGE  |  THURSDAY, 6 FEB 2014
The Federal Court in Adelaide froze all assets owned by the founders of the Charterhill group, following an application from the Australian Securities and Investments Commission (ASIC).

Medcraft always going to testify at inquiry: ASIC

HARRY PAGE  |  THURSDAY, 6 FEB 2014
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft will appear before the Senate inquiry into ASIC, despite media reports to the contrary, according to an ASIC statement.

CMCRC launches regulator tool to test market "fairness"

MARK SMITH  |  TUESDAY, 4 FEB 2014
The Capital Markets Cooperative Research Centre (CMCRC) has launched a tool for reviewing the impact of market design changes in capital markets, in a bid to defend against knee-jerk regulatory responses to crises.

ASIC takes most action against small business owners

LAURA MILLAN  |  MONDAY, 3 FEB 2014
The Australian Securities and Investments Commission (ASIC) took most of its criminal, civil and administrative actions against small business owners in the second half of 2013.

ASIC examines risks posed by complex products

MARK SMITH  |  FRIDAY, 31 JAN 2014
The Australian Securities and Investments Commission (ASIC) has released a new report examining the risks posed by complex products and how it will work to regulate them.