Is APRA's hybrid war about protecting banks, retail investors... or itself?
It's odd that of the 12 published submissions to APRA's consultation on hybrids, not one advocated getting rid of them altogether. Is the regulator trying to...
ASIC granted new powers over financial market infrastructure entities
The Bill comes after a report from the Council of Financial Regulators warned that the financial system's reliance on financial market infrastructure had...
Dixon's inquiry could be a reckoning for vertically integrated practices in advice
In the Dixon's inquiry vertical integration will not only be writ large, but it will have thousands of victims' names attached to it. The practice has run...
Compliance is 'hollow, empty' without the right culture: ASIC's Longo
Rather than striving to tick legal boxes, the commissioner said, compliance teams should build their work practice around the right ethical pillars to engender...
More than $8,000 per adviser: Potential Dixons CSLR bill comes into focus
It's essential that we learn from the Dixons Advisory scandal, the FAAA chief said, so we can avoid future harm. The association has asked the government to...
ASIC sounds the alarm on third-party product distribution
On the whole, product providers like fund managers have "made progress" with their adherence to target market determination rules. But ASIC warns that when...
FAAA pulls up ABS on advice occupation classification, proposes new definition
The bureau's financial advice role definition is not up to scratch, the FAAA says, and conflates the role of a financial adviser with an investment adviser. A...
FAAA to consult with Treasury over CSLR 'unintended consequences'
While the minister has remained relatively mute on the obvious issues with the CSLR, he will at least allow the association to discuss the scheme's flaws with...
The FAAA's 'Angry Anderson' sounds off on Dixon Advisory drama
Appropriately enough, it took a regulatory breakdown to finally ruffle the policy chief's feathers. In the first of a series of whitepapers aimed at collating...
CFD market 'active' again after ASIC crackdown
Contracts for difference are sophisticated investment tools that can magnify both gains and losses, which is why the regulator
'This can't be left here': FAAA calls for public inquiry into Dixons
There are several aspects to the treatment of the case that don't add up, the association's policy lead says, and a transparent public inquiry is more than...