Royal Commission sobering and overdue: Labor
DARREN SNYDER  |  TUESDAY, 5 FEB 2019
Shadow Treasurer Chris Bowen said a Labor government will establish a Treasury taskforce to help implement all of the recommendations from the banking and financial services Royal Commission.
Platforms steady after Royal Commission
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
Platforms at the big four banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report.
Institutions respond to Royal Commission, make commitments
HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
Australia's largest financial institutions said they are committed to improvement following the release of Royal Commission's final report.
ASIC enforcement must get tough: Commissioner
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
ASIC's enforcement arm must wrangle more muscle but it should be separated from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said.
Hayne stops short of dismantling vertical integration
HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
The business model under fire for much of the Royal Commission has escaped punishment in Kenneth Hayne's final report.
Misconduct must end: Frydenberg
DARREN SNYDER  |  MONDAY, 4 FEB 2019
The banking, superannuation and financial services Royal Commission has made 76 recommendations to address industry misconduct and Treasurer Josh Frydenberg said the Federal Government will act on each of them.
Hayne recommends new regulatory overseer
HARRISON WORLEY  |  MONDAY, 4 FEB 2019
The Royal Commission final report recommends the roles of ASIC and APRA be adjusted when it comes to superannuation oversight. A new independent body will also oversee the regulators.
Royal Commission principles not simply an add-on
DARREN SNYDER  |  MONDAY, 4 FEB 2019
A set of ideas or principles aligned to community standards resulting from the financial services Royal Commission must not be solely grafted as optional extras for better business profits.
Commonwealth FP fails to meet EU obligations
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Hours before the final report from the Royal Commission goes public, Commonwealth Financial Planning has been ordered by ASIC to stop charging ongoing service fees. It is also barred from entering any new ongoing service arrangements with customers.
Global Financial Innovation Network launches
KARREN VERGARA  |  FRIDAY, 1 FEB 2019
ASIC is helping launch the Global Financial Innovation Network, a group of financial regulators that aim to promote financial innovation across borders.
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