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Regulation

Regulation not the solution to misconduct: Westpac CEO

New regulations and tougher sanctions alone will not “solve the risk of poor conduct”, and may have unintended consequences amid a slowdown in the credit and housing markets, according to ...

Westpac
RC report slams ASIC response to misconduct

The corporate regulator has been criticised for its response to misconduct in the financial services royal commission’s interim report.

ASIC, misconduct, report, criticised
Inaugural CEO appointed to regulatory association

A regtech industry association has announced the appointment of its inaugural CEO and two new directors, while also announcing that Commonwealth Bank has joined its ranks.

mortgagebusiness
Regulators ‘have a case to answer’

The federal Treasurer has raised questions concerning the ability of Australia’s regulators to address misconduct in the financial sector.

mortgagebusiness
ASIC mulls enforcement amid ‘unacceptable’ delays

The corporate regulator has slammed the “inadequate” compliance systems of the financial services institutions, claiming that they’ve been “too slow” to respond to breaches, and that it is ...

delay, time, clock, slow
ASIC urges industry to provide business metrics

The corporate watchdog is urging ASIC-regulated entities to submit business metrics into a new portal ahead of an impending deadline.

mortgagebusiness
ASIC urges industry to register with AFCA

The corporate watchdog is urging financial services and credit licensees to prioritise registering with AFCA as they would otherwise be in breach of the law.

mortgagebusiness
ASIC deputy chair resigns

The federal government has announced the resignation of the corporate regulator’s deputy chair, Peter Kell, following seven years of service.

ASIC, Peter Kell, resign, deputy chair
Regulator seeks public input on Consumer Data Right rules

Australia’s competition watchdog is seeking public feedback on the Consumer Data Right rules, which will centre around banking.

mortgagebusiness
Regaining trust in financial sector ‘not the regulator’s job’: APRA

The prudential regulator’s chair has told industry leaders that the responsibility of regaining the public’s trust in the financial sector ultimately falls upon the industry, not the ...

mortgagebusiness
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