21 Feb 2020 Banking and finance Financial services What can insurers learn from the UK experience with unfair terms? Unfair contract terms regime to extend to insurance contracts and come into effect in April 2021.
12 Feb 2020 Banking and finance Financial services ASIC consults industry on its proposed guidance for the new product design and distribution ... Board New Year's resolutions for 2020 should include working through the new PDD (product design and distribution) obligations, which are scheduled to apply to financial products and credit products in 2021.
12 Feb 2020 Banking and finance Financial services Treasury consults industry on its proposed Financial Accountability Regime APRA regulated financial institutions should be aware of the changes from the BEAR to the FAR and other reforms proposed by Treasury.
19 Dec 2019 Banking and finance Insurance Financial services Regulatory issues in Insurance, a year in review 2019 has been a milestone year for the regulation of insurance.
8 Nov 2019 Banking and finance Corporate and commercial Financial services Mutual ADIs - Managing AML/CTF risks and obligations There is an increased regulatory focus on the mutual banking sector and management of its risk and compliance with anti-money laundering and counter-terrorism financing obligations.
30 Oct 2019 Banking and finance Financial services ASIC regulation post Hayne royal commission - CommInsure charged with hawking In February 2019, the Financial Services Royal Commission (FS Royal Commission or FSRC) recommended that the hawking of insurance and superannuation products should be prohibited.
2 Oct 2019 Banking and finance Financial services Mandatory whistleblower policies must be in place by 1 January 2020 Mandatory whistleblower policies must be in place by 1 January 2020
30 Sep 2019 Banking and finance Financial services Australia open for finance, business and free trade! In Europe, negotiation is underway for an Australia-European Union Free Trade Agreement (EU Australian FTA). Preparation for an Australia-United Kingdom Free Trade Agreement has also commenced.
27 Sep 2019 Banking and finance Financial services The New Consumer Data Right and the Open Banking Regime Following the 2017/18 Budget, the Federal Government introduced what has become the CDR (Consumer Data Right).
27 Sep 2019 Insurance Financial services Banking and finance Major Changes to Medical Indemnity Support Schemes - Implications for Medical Indemnity Insurers ... On 18 September the Federal Government introduced the Medical and Midwife Indemnity Legislation Amendment Bill 2019 (Bill).