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APRA consults on BEAR obligations for smaller ADIs

APRA has launched a four-week consultation on how the BEAR applies to variable remuneration arrangements for small to medium-sized ADIs and has appointed Vizor to lead the transformation of ...

APRA
ASIC rejects criticism of new ‘mandate’

Chair of the corporate regulator, James Shipton, has addressed “push back” from ASIC’s “clear mandate” to use its new enforcement powers to monitor and penalise financial institutions for ...

James Shipton
Treasury consults on enforcing industry codes

The government has launched a consultation on making industry codes, such as the ABA’s banking code, legally enforceable.

Treasury consults on enforcing industry codes
Treasury seeks feedback on APRA review

The Department of Treasury is seeking feedback to the draft terms of reference for the APRA capability review commencing this month.  

APRA
Final day to pay ASIC invoices before penalties apply

ASIC has urged brokers and industry professionals to pay invoices covering the corporate regulator’s costs in FY2018 today to avoid penalties.

Invoice
ASIC to focus on ‘public denunciation’ of misconduct

Australia’s corporate regulator will move forward with a greater focus on taking wrongdoers to court to ensure “strong public denunciation” of financial misconduct, its commissioner has said

ASIC
Erosion of trust a prudential issue: APRA

The deputy chair of APRA has said that the “erosion” of trust in financial services entities is “very much a prudential issue”.

APRA
APRA ‘will not be a police force’, says chairman

The chair of APRA told senators that despite new enforcement powers, the authority will remain, at its heart, a prudential regulator.

APRA
ASIC alludes to criminal proceedings

In its update on the implementation of Commissioner Hayne’s recommendations, the corporate regulator has hinted that it is investigating 13 specific referrals.

ASIC
Hayne proposals to be ‘fully implemented’ by ASIC

The corporate regulator has revealed how it plans to implement 12 recommendations made by Commissioner Hayne in the final royal commission report.

ASIC
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