The test will be based on the most recent financial year of administration fees, rather than the past eight years, to incentivise fee reductions.
August 10, 2021The FATF's unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.
August 8, 2021Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.
August 4, 2021Key focus areas include promoting a greener financing system, resolving major financial risks, promoting financial opening-up, and cracking down on crypto trading.
August 4, 2021Sponsor eligibility requirements will be liberalised to make available a wider pool of qualified corporate finance advisers to act as sponsors for the ACE Market.
August 4, 2021APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.
August 2, 2021The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.
July 29, 2021The FAR will not impose civil penalty liability on accountable persons, a shift from the government's position in a January 2020 consultation.
July 20, 2021MAS invites fintechs, solution providers and FIs to submit innovative solutions to help validate the fairness of AI solutions for selected banking use cases.
July 13, 2021