Incentivising whisteblowers could be an easy first step for the Australian Government if it were to heed the call by the recent Senate Economics References Committee for a more pro-active approach to fraud.
Currently, Australia has no incentivised whistleblower programs. The prospect of a reward for whistleblowers would see a sharp rise in the number
There are three major issues life insurance companies and superannuation trustees need to consider regarding the Australian Treasury Department’s recent discussion paper on the review of retirement product regulation.
First is whether the current regulations for annuity and pension products impede the development of new and innovative products.
The second issue is if, and how,
The House of Commons’ Treasury Committee has published the following letters to its chairman, Andrew Tyrie MP:
The PRA has updated its web page on credit unions stating that its 2014 assessment has now been completed. Credit unions will receive one of three letters. Which letter they receive will depend on whether they are on track to meet the enhanced capital requirements that come fully into force at the end of September 2014 and where they are geographically located. The three different types of letter can be accessed from the PRA website.
The Regulation on improving securities settlement in the EU and on central securities depositories has been published in the Official Journal of the EU. The Regulation will enter into force on 17 September 2014.
In June, the Securities and Exchange Commission (SEC) directed that the US exchanges and the Financial Industry Regulatory Authority (FINRA) propose a joint plan for implementing a pilot test to analyze the effects of wider minimum quotation increments on market quality for small cap stocks. On August 27, the SEC published this joint plan with
On June 16, 2014, the Securities and Exchange Commission (the “SEC”) announced a $2.2 million settlement against an investment adviser that engaged in prohibited principal transactions and then retaliated against the employee who reported this misconduct to the SEC. This was the first time the SEC had filed a case under its new authority to
On June 20, 2014, the U.S. Securities and Exchange Commission (“SEC”) charged two U.S. private equity firms with violating obligations under the U.S. Investment Advisers Act of 1940 (“Advisers Act”) that had been adopted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd Frank Act”).
The invitation for the next series of 40 minute briefings is now available.
The topics and dates for the 40 minute briefings are:
Join us in London for the next series of 40 minute briefings: