09/07/2018

Choksi’s Indian properties seized

Choksi is at the centre of controversy surrounding a desire by the Indian administration to have him extradited from Antigua to face charges for an alleged US $2 billion bank fraud in India.

09/07/2018

ASIC taking wealth management firms to court

The commencement of this civil penalty action is part of ASIC’s broad-ranging and significant investigations currently underway into fee for no service failures in the financial services industry

09/06/2018

MAS Queries OCBC on Outage

MAS said it will closely monitor OCBC's rectification measures following the service outage, and take suitable supervisory actions if necessary.

09/05/2018

APRA to reopen old wounds for CBA, IOOF

APRA said it will delve further into tax refunds paid to a related party thanks to the Suncorp Portfolio Services Limited (SPSL) case study - which may not be consistent with the requirements of Prudential Standard SPS 231 Outsourcing.