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Regulation

Final day to pay ASIC invoices before penalties apply

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

Invoice
ASIC to focus on ‘public denunciation’ of misconduct

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

ASIC
Erosion of trust a prudential issue: APRA

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

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

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

APRA
ASIC alludes to criminal proceedings

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

ASIC
Hayne proposals to be ‘fully implemented’ by ASIC

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

ASIC
Regulatory sandboxes ‘neither necessary nor sufficient’

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

Technology
APRA’s ability to promote stability to be reviewed

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

APRA
BEAR should be co-regulated, says RC

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

ASIC and APRA
ASIC could be subjected to new oversight body

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.

ASIC
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