ASIC appoints receiver for derivatives issuer
ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
ASIC has cancelled the AFSL of an OTC derivatives issuer and helped appoint a receiver to the firm and its related companies.
IOOF breaches APRA licence conditions
HARRISON WORLEY  |  FRIDAY, 26 APR 2019
IOOF has breached one of APRA's licence conditions by failing to establish a dedicated superannuation trustee function by the 31 March 2019 deadline.
Industry welcomes tax cuts and surplus
KARREN VERGARA  |  TUESDAY, 16 APR 2019
Personal tax cuts and the $7.1 billion estimated surplus announced were the main highlights of this year's Budget, Financial Standard's latest straw poll shows.
US relaxes active ETF disclosures
KANIKA SOOD  |  TUESDAY, 16 APR 2019
Australia's active ETF industry could benefit as the US securities regulator softens its stance on daily disclosures for the segment.
APRA to up the ante
HARRISON WORLEY  |  TUESDAY, 16 APR 2019
APRA's new enforcement strategy will see it toughen up, but its safety-first approach will be retained.
IOOF responds to class action
ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
IOOF has responded to being served with a class action proceeding filed by Quinn Emanuel Urqhart & Sullivan.
APRA to boost staff numbers
HARRISON WORLEY  |  FRIDAY, 12 APR 2019
APRA has confirmed it will hire around 100 more permanent staff after its funding boost.
ASIC outlines enforcement efforts
ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
In the second half of last year ASIC brought criminal proceedings against nine individuals on 76 charges, with four people imprisoned as a result and $12.7 million imposed in civil penalties.
FCA hits Goldman Sachs over reporting failures
HARRISON WORLEY  |  FRIDAY, 5 APR 2019
The UK's financial services conduct regulator has fined Goldman Sachs International more than £34 billion over historic reporting breaches.
Financial product design and distribution law passes
KARREN VERGARA  |  THURSDAY, 4 APR 2019
Financial product providers must comply with new laws to improve design and distribution obligations or else face civil or criminal penalties.
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