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ASIC consults on consumer remediation
ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
ASIC has released a consultation paper to update the regulatory guide on client review and remediation conducted by financial advice licensees.
Nasdaq proposes diversity rules
KARREN VERGARA  |  THURSDAY, 3 DEC 2020
The major stock exchange has put into motion new rules that will require its companies to have at least one female and one person who identifies as either an underrepresented minority or LGBTQ+ on boards.
AAT refuses Allegra AFSL
ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
The Administrative Appeals Tribunal (AAT) has refused the provision of an Australian financial services licence to Allegra Financial Services after it was initially rejected by ASIC.
Westpac enters into court enforceable undertaking
ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking.
Council of Financial Regulators monitors ASX, cybersecurity
ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
Australia's financial regulators are keeping a watchful eye on the Australian Securities Exchange (ASX) after its operational outage recently and have endorsed a plan for cyber security.
New internal audit guide for finance sector
KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
A new best-practice guide for the boards and internal auditors of superannuation funds, banks and financial service providers has been released.
CBA in court for overcharging interest
ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
ASIC has commenced proceedings against Commonwealth Bank for overcharging interest to thousands of customers, as revealed during the Royal Commission.
APRA takes action against Westpac
JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
The prudential regulator has launched action against Westpac over material breaches of liquidity standards.
ASIC cancels two AFSLs
ELIZA BAVIN  |  MONDAY, 30 NOV 2020
ASIC has cancelled the AFSLs of two financial services providers, one from Victoria and the other from Western Australia.
ASIC takes action against missing woman
ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
ASIC has taken action against Maliver and sole director, Melissa Caddick - who is missing - over concerns investor funds were misappropriated.
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