ANZ, Westpac, NAB have no restrictions on buying cryptocurrency with credit cards, the banks confirmed.
New law intended to restore trust in scandal-hit sector; executives to be held directly accountable and can be potentially banned from the industry on non-compliance.
ANZ to refund AUD10.2mn for improper fee disclosures; Westpac completes AUD11.3mn remediation following review of credit card limit increases.
Securities regulator says bank was involved in unconscionable conduct in dealing with the benchmark rate during 2012.
HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.
The report says 68 percent of clients are heavily invested in banks' in-house products; advisors may face bans if conflicts of interest are not managed better.
Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.
Eligible public companies can raise up to AUD 5 million in funds through equity crowdfunding and will face fewer regulatory requirements for fundraising.
Industry body recommends increasing the deposit limit for new banking entrants, allowing more time to meet the prudential framework.
Code of conduct, which is awaiting approval by ASIC is legally binding in contracts with consumers, bans unsolicited credit card limit increases.