Regulation

Final day to pay ASIC invoices before penalties apply
15 March 2019
Invoice

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

ASIC to focus on ‘public denunciation’ of misconduct
28 February 2019
ASIC

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

Erosion of trust a prudential issue: APRA
28 February 2019
APRA

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

APRA ‘will not be a police force’, says chairman
25 February 2019
APRA

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

ASIC alludes to criminal proceedings
22 February 2019
ASIC

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

Hayne proposals to be ‘fully implemented’ by ASIC
21 February 2019
ASIC

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

Regulatory sandboxes ‘neither necessary nor sufficient’
15 February 2019
Technology

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

APRA’s ability to promote stability to be reviewed
12 February 2019
APRA

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

BEAR should be co-regulated, says RC
8 February 2019
ASIC and APRA

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

ASIC could be subjected to new oversight body
7 February 2019
ASIC

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.