The aim is to have firms set up remediation programs that are consistent and transparent
Unusual movements ahead of central bank announcements reflect lack of liquidity
ASIC says it will investigate spike in Australian dollar
Experiments provide valuable insights into how people make decisions
Bank employee received sensitive information from statistical agency
Consortium to fund the construction of a new tolled tunnel in Sydney
AMP, Vanguard to test digital financial product disclosures
The current default to printed disclosure may be detrimental to consumers
New governments amendments to recent reforms are designed to ease burdens on advisors and the industry
John Brogden, CEO, Financial Services Council, Australia, discusses the impact of new Australian regulations that came into effect on July 1st, 2013. They include: a best interest duty, the abolition of commissions (except for life insurance agents) and proposed new tougher new rules for accreditation. Impacts of the new legislation include a 1.8 billion dollar cost to implement, a drop in the number of Advisors in Australia, and the hope -- of a revival for the role of advisor as a profession.