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Regulatory

Govt overhauls consumer credit regulation

MICHELLE BALTAZAR  |  FRIDAY, 3 OCT 2008
The Rudd Government is set to introduce radical reforms in consumer credit, including a national licensing regime for all credit providers such as mortgage brokers and new rules on margin lending and reverse mortgages.

US Senate passes bail-out 74 to 25

ALEX DUNNIN  |  THURSDAY, 2 OCT 2008
The bail-out legislation has been overwhelmingly approved by the US Senate, but the bigger test will be the congressional vote tomorrow, which isn't expected to get such a smooth ride.

APRA rebuffs super stats critics

ALEX DUNNIN  |  WEDNESDAY, 1 OCT 2008
APRA has smacked down criticism by retail groups that the regulator's superannuation fund performance research is flawed.

ASIC suspends WA AFSL

MICHAEL HOBBS  |  MONDAY, 29 SEP 2008
The Australian Securities and Investments Commission (ASIC) suspended the licence of West Australian based Concentric Wealth Management after it found it couldn't manage it's own debt.

Markets are a public good: PM

ALEX DUNNIN  |  MONDAY, 29 SEP 2008
Australia may be a small country but it took Prime Minister Kevin Rudd's 2,700 word speech to the United Nations on Friday to articulate a way out of the global financial mess.

Managers hit back on shorting ban

RUTH LIEW  |  WEDNESDAY, 24 SEP 2008
Perpetual, Platinum and K2 have hit back on ASIC's recent ban on short selling - arguing that the move could devastate the futures market while casting doubts on the legitimacy of shorting as a valid investment strategy.

Bail-out might breach US constitution

ALEX DUNNIN  |  WEDNESDAY, 24 SEP 2008
Rising concerns that the $1 trillion investment bank bail-out breaches the US constitution are making it difficult for Congress to quickly approach the bill.

Fund manager sentenced

MICHAEL HOBBS  |  MONDAY, 22 SEP 2008
Sydney based Gregory Nathan has been sentenced to seven years in prison following an Australian Securities & Investments Commission (ASIC) investigation that found he had acted dishonestly and gambled investors money.

ASIC tightens short-selling rules

MICHELLE BALTAZAR  |  MONDAY, 22 SEP 2008
The Australian Securities Exchange Commission (ASIC) moves to block offshore market speculators and traders from targeting the local stockmarket when it imposed temporary restrictions on short-selling of all listed Australian equities effective today.

No more short cuts

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
UK's financial services regulator has stepped in to ban the shorting of UK bank shares and other financials from today until January next year - mirroring the US regulator's move to tighten rules on short-selling to thwart speculators from causing more ...