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The BEAR essentials: what you need to know about the Banking Executive Accountability Regime

The BEAR essentials: what you need to know about the Banking Executive Accountability Regime

The BEAR seeks to strengthen the responsibility and accountability framework of authorised deposit-taking institutions and gives new powers to APRA to investigate potential breaches.

15 November 2017
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China eases restrictions on foreign ownership of Chinese financial institutions

Chinese Government announces it will ease/remove restrictions on foreign ownership of securities and futures firms, fund managers, commercial banks, financial asset managers, life insurers...

14 November 2017
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Will ASIC get to turn up the heat on penalties?

The ASIC Enforcement Review position paper sets out proposals to strengthen penalties for misconduct in the corporate and financial sector.

25 October 2017
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Australia's insolvency law reforms - where to from here?

Australia's insolvency reforms are some of the most significant changes to occur over the last decade, and will have implications to company directors, banks, and creditors.

09 October 2017

Bank Executive Accountability Regime: Consultation paper released

This article was written by Tim Bednall.On 13 July 2017, the Commonwealth Government released a consultation paper on the proposed “Bank Executive Accountability Regime” (BEAR) flagged by the...

07 August 2017
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How to combat modern slavery and reduce your regulatory exposure

Amidst a growing global regulatory recognition that more needs to be done to combat modern forms of slavery and human trafficking, you should be aware of existing Australian...

01 August 2017
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"Know Your Token": A guide to participating in token sales

Token sales are rapidly gaining momentum as the darling of capital raising in the digital economy.

31 July 2017

Changes to Australia’s financial services taxation regimes

The tax changes are aimed at reducing the uncertainty with the Investment Manager Regime (IMR) and the new tax system for attribution managed investment trusts (AMITs).

19 July 2017
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Technical insight and strategic foresight: CSIRO’s Data61 releases blockchain study.

The CSIRO’s Data61 reports contain scientific research on learnings from blockchain’s use, gives guidance on what blockchain could mean and shows how a future with blockchain might be...

07 June 2017
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Tabcorp penalty reveals AUSTRAC’s high expectations for money laundering risk assessments

Reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) should carefully assess whether their risk assessment and AML/CTF program meet regulatory expectations.

01 June 2017
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Major Bank Levy bills released

The Major Bank Levy's purpose is ostensibly twofold: to contribute to “budget repair” and to level the playing field with smaller banks.

31 May 2017
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Financial institutions – a growing industry with big data obligations to match

The Productivity Commission's final report on Data Availability and Use recommends the introduction of a “Comprehensive Right”, providing a a joint right to view, transfer and correct data.

22 May 2017