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Regulation

ASIC accepts EUs from two former AMP reps

ASIC has accepted enforceable undertakings from two Queensland financial advisers following concerns over their compliance with financial services laws.

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Mutuals not immune to risks, says ASIC

The corporate watchdog has warned Australia’s customer-owned banks that they are not immune from the risks associated with poor corporate culture and subsequent “less than satisfactory” ...

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ASIC investigation exposes high price of consumer leases

The corporate watchdog has released a new report detailing the unforeseen costs associated with consumer leases.

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Melbourne man pleads guilty to mortgage fraud 'conspiracy'

A Melbourne man has pleaded guilty for his role in a multi-million dollar home-loan fraud conspiracy.

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Regulatory changes could backfire: Cigna

Moves by the regulators and banks to curb investor lending growth in Sydney and Melbourne will needlessly harm investors in other parts of Australia, according to a wealth group.

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APRA crackdown presents ‘very real danger’

The Australia and New Zealand boss of a multinational real estate group has warned of the severe impact that APRA’s lending crackdown could have on property markets across the country.

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CEOs look to Asia as local regulation begins to bite: Deloitte

Australian corporate chief executives and chairs are increasingly looking to enter Asian markets for growth as red tape continues to be seen as a hindrance to growth at home.

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Banks set to fund regulator

The corporate regulator is set to move to a user-pays model with the release of a consultation paper by the government.

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Murray voices concerns over ASIC's 'culture' focus

Financial System Inquiry chair David Murray has warned ASIC and the government against focusing on culture at the expense of the “clarity of the law” and tougher penalties.

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NAB warns of increased regulatory reform

National Australia Bank has warned that regulators could impose more stringent measures to curb investor lending including the removal of negative gearing and adjustments to capital gains ...

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