regulation

Features

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

Financial planning

Westpac offers thin response to ASIC charges

Westpac has responded to civil charges brought against it by the regulator for poor financial advice by saying that it had already identified and responded to the alleged...

Policy & Regulation

Will the industry get value for its regulatory dollar?

There have been new calls for greater transparency around how the financial services regulators are spending the levies extracted from the industry....

Policy & Regulation

Banks drag heels on breach reporting, until now

Banks and others were taking up to four years to deal with breach reports but the Royal Commission has caused a shake-up, generating a 39 per cent spike....

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

VOFF alleges ASIC is driven by self-interest

Victims of Financial Fraud have again hit out against the Australian Securities and Investments Commission, this time alleging the regulator looks after itself before “or...

Policy & Regulation

ASIC licensing delays test industry

New analysis from legal firm The Fold points to the dynamics of the financial services industry having changed by Australian Securities and Investments Commission licensi...

Financial planning

VOFF demands Royal Commission recall Medcraft from France

Victims of Financial Fraud has called for Greg Medcraft be recalled from overseas to front the Royal Commission, saying that ASIC “pursue[d] family-owned advisory firms t...

Policy & Regulation

Dollarmite manipulation shows bank culture “rotten,” FSU says

The manipulation of youth bank accounts by CBA staff shows that the dominant culture within Australian banks is rotten and must be overhauled, according to the Finance Se...

Financial planning

Don’t blame planners for trails

Advisers are the victims not the villains where trailing commissions are concerned with product manufacturers and licensees much more to blame for today’s problems, accor...

Superannuation

VOFF questions APRA’s protection powers

Victims of Financial Fraud has alleged that the Australian Prudential Regulatory Authority cannot fully protect the public’s superannuation savings, building on previous ...

Policy & Regulation

ASIC charges IT consultant with insider trading

The securities regulator has charged Sydney-based IT consultant Steven Oakes with unauthorised access to data held in a computer, insider trading, and destroying or conce...

Policy & Regulation

ASIC seeks consultation on short selling

The securities regulator is seeking feedback on various proposals relating to both naked and covered short selling....

Policy & Regulation

ASIC exhorted to become ‘active cop’

The Federal Treasurer, Scott Morrison has exhorted the Australian Securities and Investments Commission to utilise the additional powers and resources it has been handed ...

Policy & Regulation

CBA, ASIC settle rate-rigging case

The Commonwealth Bank has reached an agreement with the regulator to settle legal proceedings relating to claims of manipulation of the Bank Bill Swap Rate....