The Government has welcomed the release by the ASIC Enforcement Review Taskforce of a position paper titled ‘ASIC’s power to ban senior officials in the financial sector’.
The federal Government has released a new framework for the resolution of financial disputes and invited public comment.
Federal Education Minister Simon Birmingham says the Government will seek to drive better outcomes for both students and taxpayers as part of its latest suite of higher education reforms.
The federal Government has released draft regulations on the operation of the industry funding model for the Australian Securities and Investments Commission (ASIC).
The interrogation of the big four bank leaders by a parliamentary committee has done nothing to blunt Labor’s push for a royal commission into the banking sector.
Re-elected Liberal Democrat Senator David Leyonhjelm will be campaigning for greater accountability on the part of the Reserve Bank of Australia.
The Australian Government is increasing its efforts to tackle bribery in offshore jurisdictions.
Treasurer Scott Morrison has announced changes that it says open the door to increased competition in the clearing of cash equities.
The Government has introduced legislation in federal Parliament to protect consumers from excessive card surcharging.
The Turnbull Government has announced key consumer protection measures in its response to the Murray Financial Services Inquiry.
A survey of credit card comparison websites suggest that there are currently around 100 credit card brands in Australia offering over 250 products.
Assistant Treasurer Josh Frydenberg has announced a regulatory review of the so-called “payday lending” industry.
Treasury has published a discussion paper on potential changes to financial market infrastructures (FMIs) and invited submissions in response to it by March 27.
The Final Report of the Financial System Inquiry says Australian banks should increase their capital levels to a point that ensures they are in the top 25 per cent of banks internationally.
The Australian Securities and Investments Commission is seeking feedback on proposals to make it easier for businesses to deliver financial services disclosures electronically while preserving choice for consumers.
The Australian Securities and Investments Commission says it has just 20 officers to monitor 50,000 financial planners.
Treasury and the Australian Prudential Regulation Authority (APRA), have issued a discussion paper seeking submissions on the proposed financial institutions supervisory levies.
The federal Government has released a discussion paper on ways to improve provisions covering unclaimed moneys. Submissions on the paper close on July 11.
The Australian Prudential Regulatory Authority has published a draft Prudential Practice Guide (PPG) on residential mortgage lending, which constitutes the largest credit exposure in the Australian banking system.