ACCC

Financial planning

Are advisers facing an eighth layer of regulation and cost?

The Financial Planning Association has warned the Australian Competition and Consumer Commission against imposing another layer of regulation and cost on financial advise...

Policy & Regulation

AFSLs and ASIC oversight not for us say litigation funders and lawyers

Litigation funders, lawyers and even the ACCC are warning a key Parliamentary that the imposition of licensing and oversight by the Australian Securities and Investment C...

Policy & Regulation

'Lack of transparency' found in mortgage products

There is an “overall lack of price transparency” in the interest rates of residential mortgage products, according to the interim findings of a report into home loans by ...

Policy & Regulation

Data rights policy in super will increase confidence

The development of innovative self-service financial planning tools would be a result of extending the Consumer Data Right to super and pensions....

Policy & Regulation

APRA urged to be more forceful

A critical Government-commissioned review of the Australian Prudential Regulation Authority appears likely to see it adopting a more overtly forceful approach based on st...

Financial planning

CBA moves to exit Pathways franchise

The Commonwealth Bank has cleared the way for exiting its self-employed adviser ‘Pathways’ franchise following issues initially notified to the Australian Competition and...

People & Products

Peter Kell joins ratings commission panel

Former Australian Securities and Investments Commission deputy chair Peter Kell is joining a panel on licensee reporting set up by Adviser Ratings....

Superannuation

Super funds factor in M&As

A new analysis of merger and acquisition activity has pointed to higher activity levels on the part of superannuation funds....

Policy & Regulation

RC missed mark on vertical integration says Fels

Former Australian Competition and Consumer Commission chairman, Professor Alan Fels has criticised the Royal Commission for failing to address the problems of bank vertic...

Policy & Regulation

ACCC identifies as fin services ‘competition champion’

The Australian Competition and Consumer Commission has told a key parliamentary committee it is funded and empowered to be the financial services “competition champion”....

Outsider

Deputy Kell unholsters his six-shooters

And as the sun slowly fades into the west ... Outsider notes the impending departure of Australian Securities and Investments Commission deputy chairman, Peter Kell....

Policy & Regulation

PC recommends ACCC become industry “competition champion”

The Productivity Commission has recommended that the Australian Competition and Consumer Commission take on the role of “competition champion for the financial system”....

Features

Who will guard the guards?

The Australian Securities and Investments Commission has been the frequent subject of demands for greater scrutiny of the regulators themselves. As Hannah Wootton writes,...

Policy & Regulation

Citigroup, Deutsche and ANZ hit with cartel charges

Citigroup, Deutsche Bank, ANZ, and a number of their senior executives have been charged with criminal cartel offences, after an investigation by the Australian Competiti...

Policy & Regulation

ACCC to lay criminal cartel charges against ANZ

The competition regulator said it expects the Commonwealth Director of Public Prosecutions to lay criminal cartel charges against ANZ and the bank’s group treasurer Rick ...