AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Ex-Westpac Banker Jailed for Mis-selling $3mn of Loans

By Samuel Riding | 10/02/2017

Investigation finds former banker encouraged elderly victims to borrow and invest despite their limited means.

AML / KYC

Bureaucracy Hinders Australia Regtech Adoption

By Samuel Riding | 09/02/2017

ASIC urged to work with government to help cut regulatory costs, relax requirements.

Australian Bank Repays $3.7mn in Overcharged Fees

By Samuel Riding | 02/02/2017

Bankwest failed to ensure clients’ offset bank accounts were properly linked with home loans.

Market Infrastructure

ASIC Says Cut Firms’ Regulatory Costs by $233mn in 2015/16

By Samuel Riding | 27/01/2017

Regulator to spend $46mn on data platform, analytics; add trade reporting data to monitoring platform.

Market Infrastructure

ASIC to Revise Market Integrity Rules

By Samuel Riding | 25/01/2017

Consolidation aims to further reduce red tape, streamline rules amendment procedure.

Australian Accountants Propose Joint Regulation with ASIC

By Samuel Riding | 13/01/2017

Co-regulatory model aims to divide ASIC’s responsibility between private participants.

Market Infrastructure

ASIC to Review ASX Risk Management

By Samuel Riding | 22/12/2016

Commission says ASX adhered to procedure during outage, but some areas needs to be enhanced.

Securities / Derivatives

Australia, India Sanction Banks for Forex Violations

By Samuel Riding | 22/12/2016

2 Australian banks to make $3.6mn ‘community benefit’ payments, RBI fines 5 banks total of $844.

Market Infrastructure

ASIC Claims World-first Fintech Licensing Exemption

By Samuel Riding | 15/12/2016

New rule allows fintech firms to test services through meeting ASIC requirements and notification.