All posts tagged "ASIC"
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593AML / KYCThe Need for a Cross-Sector & Cross-Jurisdictional AML Regime
It's time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
May 16, 2019 -
237Australia & NZASIC Raises Bar for Complaints Handling at Financial Firms
The proposals raise internal dispute resolution standards at financial firms, and introduce mandatory data reporting to help make complaints handling performance more transparent.
May 16, 2019 -
463Australia & NZAustralia Seeks Mandatory Carbon Risk Reporting by 2021
A green political party in Australia has announced a new policy that will make carbon risk reporting mandatory for banks, insurers, super funds and the largest listed companies in 2021.
May 10, 2019 -
563Australia & NZAustralian Regulators Urge Action on LIBOR Transition
Firms should be aware of the size and nature of their LIBOR exposures, put in place robust fall-back provisions in LIBOR contracts, and be taking action to transition to alternative rates.
May 10, 2019 -
414Australia & NZClimate Change a Major Financial Risk, say APRA, ASIC
"Ultimately there will only be one form of finance, and that will be green finance," said APRA head of insurance Geoff Summerhayes at the ACSI annual conference.
May 9, 2019 -
983Australia & NZAustralia: Banking Misconduct Drives Search for RegTech Remedies
Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.
May 8, 2019 -
441Australia & NZAustralia Cracks Down on Cryptocurrency Tax Evasion
The Australian Taxation Office is collecting data from cryptocurrency exchanges to feed into its data-matching technology to identify tax evaders.
May 3, 2019 -
843Fintech / RegtechEight Firms Pass Initial Screening for GFIN Cross-Border Testing Pilot
Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.
April 30, 2019 -
418Australia & NZAPRA Adopts New, Tougher Enforcement Approach
Under the new enforcement approach, APRA will be more willing to use its full range of powers to deter bad practices and hold entities and individuals to account.
April 17, 2019 -
388Australia & NZCitigroup Australia to Refund Customers for Complex Product Losses
The A$3mn compensation programme follows an ASIC investigation which found that 114 retail investors lost money from investing in complex products based on improper advice.
April 16, 2019
