Aleks Vickovich

Australian financial services firms ‘unprepared’ for FATCA

A litigation suit has been filed against the US federal government arguing the Foreign Account Tax Compliance Act (FATCA) is “unconstitutional” and violates privacy ...

ECONOMY • Mon, 27 Jul 2015

Details of CPA mortgage move revealed

Accounting body CPA Australia has provided a crucial update on its much-hyped entry into the financial planning and credit advice markets.

ECONOMY • Wed, 15 Jul 2015

New rules for life insurance advisers

Financial planners that provide life and risk insurance advice will be subject to a new remuneration regime after the federal government backed an industry proposal.

ECONOMY • Thu, 25 Jun 2015

Macquarie to refund over 2,000 clients

Macquarie will pay more than $5.5 million to reimburse users of one of its investment products after self-reporting system errors to ASIC.

LENDER • Wed, 17 Jun 2015

APRA tipped to ‘turn screws’ a second time

The prudential regulator’s efforts to take the heat out of the housing market have “failed” and it is likely to chart a new course, says a researcher and analyst.

REGULATION • Tue, 16 Jun 2015

New ASIC funding model ‘misguided’

The government’s proposed changes to the funding model for ASIC is not what it seems and would result in “backdoor taxation”, an economist has warned.

REGULATION • Thu, 11 Jun 2015

Banks challenged on mortgage repricing

Australia’s banks need to avoid a “lazy” approach to mortgage portfolio repricing in light of debate around higher capital requirements, JP Morgan has warned

ECONOMY • Wed, 10 Jun 2015

CPA Australia eyes mortgage advice

Joint accounting body CPA Australia will apply for an Australian Credit Licence in a bid to “shake up” the financial services sector.

ECONOMY • Mon, 08 Jun 2015

APRA lending crackdown ‘bearing fruit’

APRA chair Wayne Byres has told a Senate committee its supervision of “less than prudent” lending activity over recent months has not been easy but is now starting to ...

LENDER • Wed, 03 Jun 2015