AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

ASIC Blocks Interactive Brokers from FX Business in Australia

By Editors | 24/06/2015

The Australian Securities & Investments Commission has told Interactive Brokers to stop offering over-the-counter currency trading in Australia as it does not have the right license to operate.

Asset Managers Do Not Pose Systemic Risk, Says Medcraft

By Editors | 23/06/2015

Australian Securities and Investments Commission chairman Greg Medcraft dismisses concerns that large asset managers pose a systematic risk to the financial system.

Australian Regulators to Investigate Excessive Credit Card Rates at Banks

By Editors | 02/06/2015

Financial regulators are expected to investigate the record gap between the Reserve Bank of Australia (RBA) official interest rate and credit card rates.

ASIC Proposes Register of “Bad Apple” Stockbrokers

By Editors | 02/06/2015

In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.

Australia’s Top Regulators Put Banking Culture and Incentives in the Firing Line

By Editors | 01/06/2015

APRA chairman said banks must lift their efforts to ensure remuneration plans encourage ethical behaviour.

ASIC Issues Derivative Transaction Rules for Central Clearing of OTC Trade

By Editors | 29/05/2015

The Australian Securities and Investments Commission is seeking industry views on new derivative transaction rules to govern the mandatory central clearing of over-the-counter trade from April next year.

Investment Banks Need Corporate Culture Shift, says ASIC

By Editors | 28/05/2015

ASIC has issued reports to the boards of several investment banks on potential deficiencies in their corporate culture.

ASIC Calls for Tougher Penalties Against White-Collar Crimes

By Editors | 12/05/2015

Australia’s chief securities regulator wants to introduce tougher criminal penalties for financial crimes so market participants are forced into following the law.

ASIC Repeals Certain Market Integrity Rules

By Editors | 04/05/2015

Australian Investments & Securities Commission has refined its market integrity rules by removing certain unnecessary compliance requirements on market participants.