AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Enforcement

Korean Regulators Become Latest Signatories to IOSCO EMMoU

By Editors | 07/12/2018

South Korea’s FSC and FSS have jointly become the 10th member of IOSCO’s EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.

Crypto / Digital Assets

Regulatory Winds Reshaping Australian Retail Trading

By Anthony Griffin | 27/11/2018

Whether offering OTC derivatives, forex or cryptocurrency, retail trading platforms must put client interests front and centre, says OANDA’s Anthony Griffin.

Enforcement

Macquarie Emerges from Royal Commission Unscathed

By Manesh Samtani | 26/11/2018

Macquarie seen as the first responsible corporate role model in the nine months since banking royal commission public hearings began.

Enforcement

Australia’s Public Prosecutor Gets A$50mn to Go After Banking Misconduct

By Garima Chitkara | 19/11/2018

Australia to provide approximately A$50 million for public prosecutions and federal court to expand staff and capacity to litigate banking and financial institution misconduct cases.

Enforcement

Australian Court Orders A$3.3mn Penalty for Westpac BBSW Misconduct

By Manesh Samtani | 11/11/2018

The penalty is far less than the combined A$125mn that NAB, ANZ and CBA paid to settle their own BBSW cases with ASIC out of court.

Enforcement

APRA Gets A$60mn in New Funding, Byres 5-Year Reappointment

By Manesh Samtani | 05/11/2018

Following Royal Commission findings that APRA never took a financial institution to court, the agency said it needed more funding to take a more aggressive enforcement approach.

Enforcement

New Financial Complaints Body Launches in Australia

By Editors | 02/11/2018

AFCA will influence reform in financial services by raising standards and improving internal practices to reduce and resolve disputes, said the body’s independent chair Helen Coonan.

Market Infrastructure

Delivering Value from OTC Derivatives Repository Data

By Oliver Williams | 29/10/2018

DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia’s regulators and institutions seek even greater transparency of OTC derivatives markets.

Enforcement

ASIC to Begin Embedding Staff within Banks Starting with CBA

By Garima Chitkara | 26/10/2018

ASIC officials will begin working at CBA starting from next week and will go in and out of other institutions, focusing on institutional behaviour and decision making.