Regulation

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

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

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

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

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

Regulatory sandboxes may not be the answer for regulating cross-border fintechs, a new report has suggested.

Australia’s prudential regulator will be under the microscope next month when an independent review into its capabilities in promoting financial stability and responding to risks commences

Commissioner Hayne has proposed the joint administration and extension of the BEAR after his 11-month inquiry into misconduct in the finance sector.

Commissioner Hayne has proposed that Australia’s corporate regulator be subjected to a new oversight body if it is found to have not enforced the law effectively in the upcoming years.

Mitigating drivers of misconduct in the financial services industry will be a key area of focus for regulators in the Asia-Pacific region in 2019, Deloitte has predicted.