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Regulation

ASIC urges industry to register with AFCA

The corporate watchdog is urging financial services and credit licensees to prioritise registering with AFCA as they would otherwise be in breach of the law.

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ASIC deputy chair resigns

The federal government has announced the resignation of the corporate regulator’s deputy chair, Peter Kell, following seven years of service.

ASIC, Peter Kell, resign, deputy chair
Regulator seeks public input on Consumer Data Right rules

Australia’s competition watchdog is seeking public feedback on the Consumer Data Right rules, which will centre around banking.

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Regaining trust in financial sector ‘not the regulator’s job’: APRA

The prudential regulator’s chair has told industry leaders that the responsibility of regaining the public’s trust in the financial sector ultimately falls upon the industry, not the ...

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New Treasurer appoints ASIC members

New Treasurer Josh Frydenberg has announced the appointment of two full-time members to ASIC.

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Reverse mortgage risks not being explained to seniors: ASIC

Reverse mortgages can help seniors improve quality of life after retirement, but there are also long-term risks that lenders are failing to explain to retirees, the corporate regulator has ...

ASIC, seniors, Australian, retirement, mortgage risks
Banks launch campaign in plea for ‘proportionate regulation’

A banking association has taken its fight to Canberra, calling for a “proportionate regulatory regime” through the launch of a new campaign.

Customer Owned Banking Association, #MoreThan4, Parliament House in Canberra
Non-majors warn against further blanket regulation

Smaller lenders are likely to bear the brunt of further regulation introduced amid heightened industry scrutiny, according to a banking industry association.

Warning, red tape, blanket regulation, lenders, Grant Thornton
Second APRA deputy chair legislated

The government has passed legislation that will create the previously announced position of co-deputy chair.

APRA, deputy chair, John Lonsdale
Regulators consult on the creation of a global fintech sandbox

Australia’s corporate watchdog has joined 11 other regulators worldwide to consult on the proposed creation of a new Global Financial Innovation Network, which would act as a global fintech ...

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