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Regulatory

ASIC flags end-of-year signposts

RUTH LIEW  |  MONDAY, 29 JUN 2009
The financial services watchdog ASIC is calling on listed financial services companies to provide more disclosure on their 'going concern' assumptions, asset valuations and hedging arrangements when they file their 30 June 2009 financial reports.

No proof lack of regulation caused GFC: APRA

ALEX DUNNIN  |  FRIDAY, 26 JUN 2009
Just because the GFC happened doesn't mean it was caused by a lack of regulation, said a senior APRA executive in a major speech this week.

OECD vindicates govt super reforms

ALEX DUNNIN  |  WEDNESDAY, 24 JUN 2009
The OECD has vindicated the government's Budget strategy for reforming retirement income policy when it revealed that Australia has the fourth highest poverty rate among the OECD countries for seniors and retirees.

ASIC reveals cap arising enhancements

ASIC RELEASE  |  MONDAY, 22 JUN 2009
ASIC has released new measures to boost market disclosure and efficiency in capital raisings and unlisted disclosing entities.

IMF Australia targets Great Southern

MICHAEL HOBBS  |  THURSDAY, 18 JUN 2009
IMF Australia has agreed to fund legal proceedings on behalf of Great Southern Cattle projects against companies and various directors within the agribusiness fund manager.

Superannuation wins in Cabinet reshuffle

ALEX DUNNIN  |  TUESDAY, 9 JUN 2009
Superannuation is now, for the first time, included in Federal Cabinet following a major ministerial reshuffle that saw Chris Bowen promoted to Minister for Financial Services, Superannuation and Corporate Law and Minister for Human Services.

Net tightens on executive pay

RUTH LIEW  |  FRIDAY, 29 MAY 2009
Goodbye golden parachutes - APRA has released a consultation package encouraging financial services firms to set up stricter guidelines when deciding executive remuneration.

FOS gears up to combat record complaints

MICHAEL HOBBS  |  WEDNESDAY, 27 MAY 2009
The Financial Ombudsman Service (FOS) is on a hiring spree, increasing staff numbers by around 25 per cent in around nine months to cope with record levels of complaints across the financial services market.

APRA to monitor investment options

ALEX DUNNIN  |  TUESDAY, 26 MAY 2009
APRA is continuing plans to ramp up its data collections, in particular to collect performance data on individual investment options.

One in six DB funds in trouble: APRA

ALEX DUNNIN  |  FRIDAY, 15 MAY 2009
APRA has revealed that last year 15.9 per cent of defined benefit (DB) superannuation funds were in an "unsatisfactory financial position" and that things are now likely to be worse.