AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Big Aussie Banks Refuse to Contribute to Compensation Fund

By Editors | 17/08/2015

The big bank lobby is refusing to fund a “last resort” compensation fund for victims of financial planners that go bust, arguing that smaller companies should fund it themselves.

Australia Clamps Down on Excessive Private Equity Fees

By Editors | 06/08/2015

The Australian Securities and Investments Commission is being urged to crack down on the disclosure of fees by private equity firms amid fears local super funds and investors are being overcharged.

Changes to Securitisation Structures May Hit Smaller Aussie Lenders Harder

By Editors | 01/08/2015

The Australian Prudential Regulation Authority may end up shutting smaller lenders out of their main funding source with its toughened stance on securitised loans.

Basel Committee, IOSCO Publish Final Criteria for Securitisation Structures

By Editors | 27/07/2015

The Basel Committee on Banking Supervision and the International Organization of Securities Commissions have issued final criteria for identifying simple, transparent and comparable securitisation structures.

Australian Government to Audit ASIC

By Editors | 27/07/2015

Australia’s government will conduct the first full-scale audit of the Australian Securities and Investments Commission (ASIC) in 17 years, laying the groundwork for a major overhaul in how the corporate watchdog is funded and operated.

FSB Approaches Regulation of Asset Managers Cautiously

By Editors | 19/07/2015

The Financial Stability Board has said it would focus on addressing risks to market liquidity posed by the activities of asset managers rather than on imposing capital and liquidity requirements on the institutions themselves.

ASIC Releases Evidence Metrics for Self-Assessment of Regulator Performance

By Editors | 15/07/2015

The Australian Securities and Investment Commission has released the evidence metrics it will use to report against the Federal Government’s Regulator Performance Framework, which aims to reduce the regulatory burden while achieving the same regulatory outcomes.

Australia Regulators Push to Allow Super Funds to Pledge Assets as Collateral

By Editors | 12/07/2015

The Australian Investments & Securities Commission is pushing to reform laws to allow super funds to pledge their assets as collateral, in a bid to help them reduce dealing costs associated with currency hedging.

Banks Uncooperative in Australia Rate-Setting Probe

By Editors | 11/07/2015

The Australian Securities and Investments Commission says banks have been slow in providing information on possible manipulation of Australia’s interest-rate benchmark.