Regulation

Super funds say ‘heatmap’ amplifies herding risk

APRA’s heatmap risks stifling innovation and reducing diversification which could would have a harmful effect on member outcomes in the event of a market meltdown, says Christian Super's CEO Ross Piper.

Elizabeth FryDecember 12, 2019

Regulation

Conflicts of interest ‘an issue’ in managed accounts: ASIC

The corporate regulator’s investment leader flagged managed account fee complexity and the potential for conflicts therein as a major concern. A report won’t be forthcoming, he said, but "policy and regulatory settings" may be updated.

Tahn SharpeDecember 5, 2019

Regulation

Senate Inquiry: APRA, Westpac and heatmaps

APRA chair Wayne Byres told a parliamentary hearing on Monday that broader enforcement powers have allowed APRA to achieve better results.

Elizabeth FryDecember 5, 2019

Regulation

AFCA won’t get ahead of ethics code

The complaints authority’s deputy chief ombudsman, June Smith, called it the elephant in the room; what would AFCA’s approach to FASEA’s Ethics Code be on 1 January, 2020?

Tahn SharpeNovember 29, 2019

Regulation

12 month road-test likely for Code of Ethics

The authority’s CEO, Stephen Glenfield, said the current standards are “not set in stone" but he is keen to see them bedded down before requesting any legislative amendment.

Tahn SharpeNovember 28, 2019

Regulation

Code of Ethics oversight not an ASIC priority

FASEA’s Code of Ethics takes effect from January 1, but ASIC doesn’t have the inclination or the resources to check whether licensees are monitoring advisers.

Matthew SmithNovember 28, 2019

Regulation

ASIC reveals 5 code monitoring ‘steps’ for licensees

The regulator has released the ‘reasonable’ actions licensees will need to take in their interim ethics monitoring role, and highlighted the specific Standards it will take a "facilitative" approach to.

Tahn SharpeNovember 26, 2019

Compliance

How to not snooker yourself when ASIC comes knocking

‘Most people panic’, Rhett Das says, when the regulator reaches out as part of a surveillance exercise or investigation. But panic is still better than procrastination.

Tahn SharpeNovember 20, 2019

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Regulation

Regulation

Super funds say ‘heatmap’ amplifies herding risk

Regulation

Conflicts of interest ‘an issue’ in managed accounts: ASIC

Regulation

Senate Inquiry: APRA, Westpac and heatmaps

Regulation

AFCA won’t get ahead of ethics code

Regulation

12 month road-test likely for Code of Ethics

Regulation

Code of Ethics oversight not an ASIC priority

Regulation

ASIC reveals 5 code monitoring ‘steps’ for licensees

Compliance

How to not snooker yourself when ASIC comes knocking

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