AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

ASIC Expands Investigation on UBS over NSW Privatization Report

By Editors | 19/04/2015

The Australian Securities and Investments Commission’s investigation on UBS, a key adviser on the privatisation of NSW Coalition, now involved interviews with top officials at the bank including its Australia chief executive Matthew Grounds.

Australia’s ASIC Investigates Wealth Managers over Advice Fees

By Editors | 16/04/2015

The Australian Securities and Investments Commission (ASIC) is investigating some of the country’s biggest wealth managers for charging clients for financial advice even when no advice has been provided.

ASIC Seeks Reforms in Dealing with Client Legal Privilege

By Editors | 07/04/2015

The Australian Securities & Investments Commission is seeking reforms that would prevent people from making unsubstantial claims of client legal privilege that could delay investigations into breaches of the corporation law.

DTCC Urges Action Ahead of Next OTC Reporting Phase

By Editors | 25/03/2015

The Depository Trust & Clearing Corporation (DTCC) has urged institutions to stay ahead of reporting deadlines under the next phase of Australia’s derivatives market reporting rules, which will be implemented next month.

ASIC Wants More Liquidity from Chinese IPO Candidates

By Editors | 16/03/2015

The wave of Chinese companies listing on the Australian stock exchange in the past three years, many with less than 2% free float, has raised concern on whether initial public offering (IPO) rules should require better liquidity from foreign businesses.

ASIC Seeks Power to Ban Bank Products

By Editors | 12/03/2015

Australian Securities and Investments Commission is seeking additional powers to better regulate banks, and to intervene in the sale of products that harm consumers.

Australia Regulators Probe Forex Moves Ahead of RBA Announcement

By Editors | 04/03/2015

The Reserve Bank of Australia has asked the Australian Securities and Investments Commission to investigate sharp movements in the Australian dollar in the minute before the March interest rates policy decision was announced on Tuesday afternoon.

Australian Banks Hit by Alleged Home Loan Scam

By Editors | 06/01/2015

Two men have been charged with defrauding Australia’s biggest banks in an alleged A$110 million home loan scam, raising questions over the internal controls of some of the country’s top lenders.

Basel Committee, IOSCO Issue Guidelines on Securitization Structures

By Editors | 12/12/2014

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have issued new guidelines to help the financial industry develop simple and transparent securitization structures.