AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Enforcement

RBA “Lost Confidence” in ASX Months Before December Outage – Report

By Sanday Chongo Kabange | 10/04/2025

The RBA had warned ASX in a September 2024 confidential that it had lost confidence in the exchange’s ability to manage its operations and risks.

Market Infrastructure

ASX Faces Renewed Resistance on Dual-Class Shares Proposal

By Thisanka Siripala | 08/04/2025

ASX is seeking to introduce dual-class shares to attract more listing candidates but there are concerns that some shareholders would be given too much power.

Enforcement

Time to Get Serious About Culture Risk Governance & Supervision

By Stephen Scott | 08/04/2025

More than five years after the Hayne Royal Commission, Australians are grappling with twin crises at ANZ and ASX, writes Stephen Scott.

AML / KYC

AUSTRAC v Entain: Key Lessons for Anti-Money Laundering Teams

By Nathan Lynch | 04/04/2025

AUSTRAC’s case against global sports betting behemoth Entain provides a raft of warnings for AML compliance teams, writes Nathan Lynch.

ASIC Criticises Super Funds for Poor Claims Handling

By Sanday Chongo Kabange | 01/04/2025

ASIC has identified a range of issues including excessive delays, poor customer service and ineffective claims handling procedures for death claims.

ESG / Sustainability

ASIC Issues New Guidance on Sustainability Reporting

By Sanday Chongo Kabange | 01/04/2025

The guidance has new sections on climate scenario analysis, scope 3 disclosues, and more specific guidance for directors of reporting entities.

Enforcement

RBA, ASIC Take “Unprecedented” Action over ASX CHESS Outage

By Sanday Chongo Kabange | 31/03/2025

ASX is ordered to engage an independent expert to undertake a technical review of its core technology infrastructure.

Fintech / Regtech

Navigating the Regulation of Generative AI in Financial Services

By Mary Leung | 27/03/2025

Mary Leung discusses how AI is being regulated in the financial services industry and the approaches different jurisdictions are pursuing.

Market Infrastructure

Australian Regulators Keep Door Open for Bond, Repo CCP

By Sanday Chongo Kabange | 27/03/2025

The CFR said regulatory intervention is not yet needed but it supports the industry exploring the introduction of central clearing in the Australian bond and repo markets.