Revised penalties come down hard on white collar crime
HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The Federal Government will this week introduce legislation into parliament to increase the penalties for white collar crimes.
Afterpay faces senate inquiry
KARREN VERGARA  |  FRIDAY, 19 OCT 2018
The Labor party will launch a senate inquiry into whether regulation around payday lenders such as Afterpay is adequately protecting low and middle income, and financially stressed Australians.
NAB still unclear on true impact of misconduct
KANIKA SOOD  |  FRIDAY, 19 OCT 2018
NAB chief executive Andrew Thorburn failed to give an exact number of clients hit by the bank's misconduct as he fronted the parliamentary inquiry into major banks in Canberra this morning.
ASIC moves on Dollarmites
HARRISON WORLEY  |  FRIDAY, 19 OCT 2018
ASIC is set to review banking and financial literacy programs in Australian primary schools, including Commonwealth Bank's recently criticised Dollarmites program.
APRA readies ADIs for BEAR
KARREN VERGARA  |  THURSDAY, 18 OCT 2018
APRA is helping authorised deposit-taking institutions brace for the Banking Executive Accountability Regime, which is set to take effect on 1 July 2019.
ASIC to review FDS compliance
HARRISON WORLEY  |  TUESDAY, 16 OCT 2018
ASIC will review financial advice fee disclosure statements and renewal notices, after licenses submitted breach reports to the extent the corporate regulator is concerned about systemic non-compliance.
ANZ chief says remediation is "distracting"
KARREN VERGARA  |  FRIDAY, 12 OCT 2018
ANZ chief executive Shayne Elliott admitted to a parliamentary inquiry that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate customers.
APRA will rethink how it assesses risk: Byres
KANIKA SOOD  |  THURSDAY, 11 OCT 2018
APRA chair Wayne Byres says the regulator will "clearly need to reflect" on the way it thinks about risk after Royal Commission revelations, but the financial services industry needs to step up to change its culture.
ASIC provides relief for naked short selling
HARRISON WORLEY  |  TUESDAY, 9 OCT 2018
ASIC provided legislative relief to ETF market makers, alongside changes to short selling laws.
Banks to answer for Hayne report
JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
The chief executives of Australia's big four banks will head to Canberra to face questioning over the findings published in Commissioner Kenneth Hayne's interim report.
Link to something fFGtRdB9