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Regulatory

IFSA backs govt tax proposal

MICHAEL HOBBS  |  MONDAY, 19 JAN 2009
The Investment and Financial Services Association (IFSA) has thrown its support behind a Treasury proposal to provide an optional capital gains tax roll-over concessions to merging super funds.

APRA to review exec pay

ALEX DUNNIN  |  WEDNESDAY, 10 DEC 2008
Australian financial services firms saved by the government deposit guarantee are about to discover the political price they will be expected to pay with APRA announcing details of its executive remuneration monitoring program.

Macfarlane calls for a new regulatory regime

WWW.THESHEET.COM  |  THURSDAY, 4 DEC 2008
The era of deregulation in the global financial system had been invalidated by the current crisis and a process of re-regulation needed to be undertaken, the former governor of the Reserve Bank, Ian Macfarlane, said yesterday.

Masu settles Westpoint case

MICHAEL HOBBS  |  FRIDAY, 28 NOV 2008
Masu Financial Management has settled a class action brought by the Australian Securities and Investment Commission (ASIC) for 85 investors sold Westpoint Group financial products.

Move for APRA fund level data gathers pace

ALEX DUNNIN  |  THURSDAY, 20 NOV 2008
Momentum for the industry prudential regulator APRA to publish a complete list of super fund returns on its website is growing following their release of a discussion paper regarding how it might be done.

ASIC lifts shorting ban on non-financials

MICHAEL HOBBS  |  FRIDAY, 14 NOV 2008
The Australian Securities and Investments Commission (ASIC) is lifting its short selling ban on non-financial securities from Wednesday next week.

Northern Trust granted Aussie bank licence

MICHAEL HOBBS  |  THURSDAY, 13 NOV 2008
Northern Trust has been granted an Australian banking licence, allowing it to provide banking transaction services and broader custody and asset services to its local clients.

Westpac number one ADI branch owner

ALEX DUNNIN  |  THURSDAY, 13 NOV 2008
As banks reclaim market share in the mortgage market following the RMBS market meltdown and the flight to government guaranteed deposit taking institutions, APRA has released figures showing their branch network is as strong as ever.

Age of the virtual super regulator

MICHELLE BALTAZAR  |  THURSDAY, 13 NOV 2008
The creation of a 'super' regulator, in which securities commissions around the world agree to govern under a unifying set of principles that crosses national boundaries, might just be the key to prevent a repeat of the global financial crises.

AIG gets another A$57 billion bail-out

ALEX DUNNIN  |  TUESDAY, 11 NOV 2008
Concerns by the US Treasury that AIG in the US is still struggling, the insurer has been granted another A$57 billion in federal funding.