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DDO top of ASIC's agenda
ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
Design and distributions obligation (DDO) reforms may have been pushed back to October next year as a result of COVID-19 but ASIC said it is top of the priority list for 2021.
ASIC chair steps aside pending pay review
JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
ASIC chair James Shipton has stepped aside pending the outcome of a review into his remuneration arrangements.
ASIC to curb huge CFD losses
KARREN VERGARA  |  FRIDAY, 23 OCT 2020
The corporate regulator is stepping in to prevent retail investors losing millions of dollars from trading highly risky contract for difference (CFDs) instruments.
NAB adds to wealth client remediation
ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
National Australia Bank has added to its existing $2 billion bill for customer remediation, upping its provisions for wealth clients ahead of its full year results.
Bendigo and Adelaide Bank overstates liquidity
ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
The Australian Prudential Regulation Authority (APRA) has imposed an independent review into Bendigo and Adelaide Bank's liquidity after it failed to comply with liquidity standards.
APRA reduces ERS reporting for funds
ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
The prudential regulator has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards.
Societe Generale fined over client breaches
ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
The French bank's Sydney operation has become the second company in Australia in as many months to be criminally prosecuted over breaching client money obligations.
Sam Henderson sentenced
ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
Sam Henderson has been sentenced in the local court after pleading guilty to three charges of dishonest conduct.
NAB to pay $15m for Royal Commission case study
ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
National Australia Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission.
Derivatives issuer cops $75m penalty
ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin.
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