Latest financial services News

Cognizant and Microsoft announce global partnership to expand adoption of generative AI in the enterprise, and drive industry transformation
Update to Macquarie Banking and Financial Services Group’s car loan business  
ASIC cancels AFS licence of JB Markets
Business, finance and both retail and institutional investors in Australia align to support climate-related disclosures
Supporting better financial outcomes for Kiwis
Macquarie Bank to pay $10 million for failure to properly monitor system for third-party fee withdrawals from customer accounts
Industry Funding Model helping more Australians get access to financial counselling
FMA appoints Louise Unger as Executive Director, Response and Enforcement
ASIC disqualifies QLD construction director for 5 years
APRA publishes new and updated FAQs on Superannuation Data Transformation
Adam Blumenthal ordered to pay $850,000 and disqualified for five years for market rigging and directors’ duties breaches
Victoria’s Solicitor-General To Join Court Of Appeal
APRA and ASIC publish latest data on life insurance claims and disputes – December 2023
Changes to the Executive Leadership Team
APRA updates ARS 701.0 for Economic and Financial Statistics collection
Financial services misconduct compensation scheme up and running
AICD Appoints New Chair
APRA publishes the December 2023 edition of the Quarterly Superannuation Product Statistics and Quarterly Superannuation Industry Publication
ASIC obtains Federal Court orders appointing receivers over digital currency assets of blockchain mining companies
ASIC consults on misconduct reporting guidance for external administrators and controllers
ASIC action results in $1.25 million Court imposed penalty against AFSL ‘licensee for hire’ firm
FSC Policy Update – Issue 78 April 11
Federal Court winds up retail OTC derivative issuer Prospero Markets Pty Ltd
ASIC appeals Finder Wallet decision
James Mawhinney arrested and charged following ASIC criminal investigation
Government Warns Of Malicious MyGov Scammers
APRA releases minor updates to the prudential framework for ADIs and insurers
Toowoomba Reveals Stunning Mural By Indigenous Artist
ASIC cancels licence of Menon & Associates Pty Ltd
Former Sydney financial adviser charged with dishonest conduct
ASIC wins first greenwashing civil penalty action against Vanguard
APRA releases Monthly Authorised Deposit-taking Institution Statistics for February 2024
ASIC cancels AFS Licence of Crown Wealth Group
Government delivering Northern Hub election commitment to support women and families
New legislation to increase the accessibility and affordability of financial advice
APRA to publish super fund expense data
Statement On Financial Advice Reform Bill
Monthly CPI indicator rose 3.4 per cent in the year to February 2024
APRA releases intermediated general insurance statistics for December 2023
Better Competition, Better Prices – Economics Committee report released
ASIC remakes five ‘sunsetting’ class orders for managed funds
ASIC extends and amends parent entity financial statement and auditor independence instruments
QUT Business Leaders’ Forum: Continuous skills development to be ‘fundamental employee right’
Commonwealth Bank Executive Leadership Team Update 22 March
ASIC reaffirms ongoing registration obligation for financial advisers
ASIC bans Panacea Capital director from providing financial services
Scam alert: Scammers are using fake warning banners on imposter websites
Financial Adviser and director Shane Allan Rose permanently banned