NZ Reserve Bank outlines insurance regulations
10 June 2008
New legislation controlling the activities of insurers in New Zealand may be delayed by the impending election...
Regulatory & Government
Regulators turn screws on ratings agencies
02 June 2008
Regulators have moved to improve controls on credit ratings agencies in the wake of the global credit crunch, which claimed many A-rated securities...
DOFI extension for foreign insurers
02 June 2008
Foreign insurers have an extra month to apply for a licence to write business in Australia...
APRA makes exec appointment
02 June 2008
Keith Chapman has replaced Tom Karp as Executive GM – Supervisory Support Division at APRA...
GE Money faces compo payout for mis-selling
26 May 2008
Last week’s crackdown on GE Money by the Australian Securities and Investments Commission highlights the importance of brokers, says NIBA CEO Noel Pettersen...
National product safety regime leaves liability rates unchanged
26 May 2008
The Federal Government’s proposed national product safety regime is unlikely to affect product liability rates, says a leading insurer...
Ratings agencies face review
26 May 2008
Corporate Law Minister Nick Sherry has announced a six-month review into the regulation of credit ratings agencies, which have faced increased scrutiny since last year's…
APRA issues reinsurance pass mark
26 May 2008
Insurers are on track to meet APRA’s reinsurance program targets...
Anti-money laundering law: brokers escape focus, but…
19 May 2008
But an industry advocate says brokers may still incur extra costs and paperwork organising premium funding for their clients...
Parliament curbs APRA’s fire power
19 May 2008
The Australian Prudential Regulation Authority will introduce a court-based disqualification system following legislation passed by Federal Parliament last week...
What we like and hate about you: ASIC’s survey results
19 May 2008
ASIC has released the results of its stakeholder survey, the driver behind a shake-up of the regulator announced last week...
ASIC continues Westpoint cull
19 May 2008
A former Westpoint adviser has appeared in front of a Sydney local court on charges of providing advice without holding an Australian financial services licence...
ASIC faces a shake-up
12 May 2008
The Australian Securities and Investments Commission will undergo some radical change over the next year following a decision to accept the recommendations of a wide-ranging…
National consumer law looks likely
12 May 2008
Consumer Affairs Minister Chris Bowen has welcomed the results of a review into the consumer policy framework which has recommended Australia adopt national consumer legislation...
Leader backs national workers’ comp scheme
05 May 2008
One of the country’s most influential public policy reformers has called for a national system of workers’ compensation to reduce the cost and complexity for employers…
‘Hard fight’ on way over insurance taxes
05 May 2008
Queensland shadow treasurer Bruce Flegg is pressuring the state government to drop insurance taxes...
ASIC updates online training register
05 May 2008
ASIC has revamped its online training register by improving the website’s functionality and adding new course information...
ASIC confirms Bligh as CEO
28 April 2008
ASIC has confirmed John Bligh in the new position of CEO, covering such administrative functions as IT, finance, HR and customer service...
Volatile markets hot topic for Finance Industry Council
28 April 2008
The Finance Industry Council of Australia met last week with ASIC and the Australian Prudential Regulation Authority to discuss major challenges facing the financial…
Govt terrorism pool appoints two to board
28 April 2008
Assistant Treasurer Chris Bowen has announced two appointments to the board of the Australian Reinsurance Pool Corporation...