PFS Consulting is pleased to have assisted the RBNZ with an external review of the Interim Solvency Standards (ISS) as described in their recent consultation package.
March was a busy month with the release of regulator rules, transitional rules and the release of a consultation package for RSE licensees and insurers.
By now you have probably begun analysing the findings of the Hayne Royal Commission – however if you need a top line catch up, here’s our summary, with some of our own thoughts added.
ANZ, Citigroup and Deutsche Bank are three more names to join the long list of financial institutions that have faced criminal charges.
It’s been called Australia’s most scathing regulatory report to date. The Australian Prudential Regulatory Authority’s (APRA) inquiry into a succession of conduct and compliance issues at the Commonwealth Bank of Australia (CBA), which culminated in the flouting of several aspects of anti-money laundering legislation, is certainly damning.
