Yesterday
- Opinion
- Investing
A narrow window to change the fortunes of the ASX
The cost and regulatory burden of a public listing is driving companies and investors into the arms of private capital. The ASX needs to fix itself.
- Peter Swan and Dimitri Burshtein
This Month
- Analysis
- Home loans
Buffer or blocker? Why APRA’s serviceability rule is so controversial
CBA boss Matt Comyn has defended APRA’s prudential settings from political attacks, saying housing policy must focus on supply.
- James Eyers
September
Rajiv Jain’s GQG cops $725,000 fine for muzzling would-be whistleblowers
US regulator hauls up the fund management giant for violating whistleblower protections by making staff sign overly restrictive non-disclosure agreements.
- Joshua Peach
ASIC’s Longo says Macquarie execs must reflect on poor compliance
The chairman of the corporate regulator says it is clear the investment bank had a reckless disregard for following the rules, after issuing a record fine.
- Lucas Baird
Super funds’ meteoric rise poses new risks to financial stability: RBA
The $3.9 trillion sector’s rapid growth and its large exposure to the banking sector could amplify shocks in the future, the central bank has warned.
- Hannah Wootton and Jonathan Shapiro
RBA issues scathing assessment of ASX’s derivatives upgrade
In a lengthy review, the central bank has said the sharemarket operator was too slow in disclosing problems and suggests it was keeping regulators in the dark.
- James Eyers
Record $12.9m greenwashing penalty puts fund managers on notice: ASIC
Federal Court fined Vanguard $12.9 million for failing to exclude certain investments against ESG criteria and instead relying on third parties.
- Hannah Wootton
- Updated
- Investment banking
Macquarie cops record fine after failing to catch dodgy energy deals
The corporate regulator says the bank was warned a dozen times that there were suspicious futures transactions following Russia’s invasion of Ukraine.
- Updated
- Ronald Mizen and Lucas Baird
Apple, Google respond to payment cost heat by backing eftpos
The US tech giants will enable “least-cost routing” for new cards on their smartphones to try to help merchants save costs by avoiding Visa and Mastercard.
- James Eyers
CBA crypto experiments held up in regulatory bottlenecks
Unanswered questions from a myriad of regulators are stifling Australia’s largest bank from advancing cryptocurrency and digital asset projects.
- Max Mason
Cbus’ CFMEU fallout ‘shows APRA’s weakness in super oversight’
Super funds get “preferential treatment” compared with banks and insurers, which may leave retirees out of pocket down the track.
- Hannah Wootton
ASIC wants crypto start-ups to hold financial services licences
The corporate regulator will appear at the AFR Crypto and Digital Assets Summit on Monday with a warning to developers in the polarising sector.
- James Eyers and Max Mason
Bitcoin is going mainstream. Can Australia join the party?
Twenty-thousand crypto believers descended on Singapore this week – and the companies they represented may surprise you.
- James Eyers
SEC accuses Macquarie of inflating asset values, issues $117m fine
The US markets regulator said Macquarie’s asset management business had “no reasonable basis” to believe it could sell at the valuations it quoted.
- Jemima Whyte
Super boards can rely on ‘reasonable’ outside advice: court
The corporate watchdog has lost a case claiming Rest Super misled customers, with the judge finding the fund relied on reasonable legal advice from Allens.
- Hannah Wootton
RBA warms to its own digital currency – but only for other banks
The central bank says it could save billions of dollars by making transactions faster. But it has decided digital cash for the public is far riskier.
- James Eyers
Why shouldn’t Australia capitalise on its abundance of uranium?
Readers’ letters on the role of nuclear energy; horses at risk in violent protests; and new anti-money laundering and counter-terrorism financing laws that threaten to drive out accountants.
More CFMEU directors removed from industry super fund boards
The union’s administrator has replaced the two BUSSQ directors with other CFMEU officials.
- Hannah Wootton
- Exclusive
- Construction
Up to 10,500 homes in NSW being built by ‘risky players’
Former NSW building commissioner David Chandler says the regulator, which initially focused on apartments, is only now getting to grips with detached home building.
- Michael Bleby
‘Fundamental strategic error’ in plan to ban teens from social media
Tech industry leaders say age restrictions on social media are urgently needed, but that the government is letting Meta and Snapchat skirt responsibility.
- Paul Smith