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January 5, 2020
Happy New Year!
Managing Director Naomi Burley and our Regulatory expert Carole Ferguson look at obligations around complaints handling and future obligations of RG 165.
Regulatory Guide 165 as it was 2018.
When the new RG 165 is released it will posted on this page.
December 19, 2019
This article was originally published in the Summer Edition of the GRC Professional Magazine
“I’d had plenty of tough times as head of Australia’s competition regulator for twelve years, including being called a Nazi and being relentlessly attacked by big business. This...
MD Naomi Burley and the our resident regulatory expert Carole Ferguson look at the grey areas between personal and general advice and the reason why compliance should be more involved.
ASIC action on general and personal advice
Public perception of financial advice:
by Kwame Slusher
This month, the Australian Prudential regulator announced it would be delaying consultation on product responsibility proposed in the extension of the Banking Executive Accountability Regime (BEAR).
In a letter to industry, APRA wrote, “At this stage, APRA is reviewing...
December 12, 2019
This article was originally published in the Conference Edition of the GRC Professional Magazine.
Before Adele Ferguson’s hotly-anticipated book, Banking Bad, was available in stores at the start of August, the GRC Professional Magazine was able to catch up with her to...
December 9, 2019
The same week the Government announced the reintroduction of mandatory comprehensive reporting back into parliament, the Australian Securities and Investments Commission (ASIC) has released an updated version on their responsible lending guidance.
In an official stateme...