Daily Dispatches: ASIC calls for super regulator

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The chairman of the Australian Securities and Investments Commission, Tony D'Aloisio, is canvassing the idea of a super securities regulator with greatly increased consumer protection powers after the fallout from the global financial crisis. (Sydney Morning Herald)

Macquarie Group has pulled off a coup with the recruitment of an experienced dealmaker to manage its fast-expanding operations in Asia. Kalpana Desai, former Asia head of mergers and acquisitions at Merrill Lynch, is to join the Australian investment bank as deputy head of Macquarie Capital Advisers Asia, which houses many of the bank's key business units. (Financial Times)

Australia's biggest general insurers may be forced to keep premiums on hold and focus on other ways of managing the rising costs of natural disasters as competition within the $24bn sector heats up. (The Australian)

The Financial Stability Board will recommend to world leaders next month that executive bonuses should be limited at banks with low levels of capital, in order to stir lending and curb the excessive risk-taking that many see as the root of the financial crisis. (The Australian)

Bank of Queensland chief executive David Liddy faces his first public grilling today over the bank's lending practices to clients of now-failed Storm Financial and its plans to pay them compensation. (Courier Mail)

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