All posts tagged "ASIC"
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937Australia & NZASIC’s Loss to Westpac is Terrible for Everyone
Despite its recent Federal Court loss, ASIC was right to appeal the dismissal of its responsible lending case against Westpac, says bank conduct specialist Dr Andy Schmulow.
July 11, 2020 -
534Australia & NZASIC Consults on Second Use of Product Intervention Order
ASIC names BHF Solutions and its associate, Cigno, saying they both enter into high-cost continuing credit contracts with retail customers without a credit licence.
July 10, 2020 -
673Australia & NZAPRA Outlines Expectations on Deferred Loan Management
Deputy Chair John Lonsdale expects many banks will require an uplift in capabilities, processes and oversight to meet APRA's expectations.
July 10, 2020 -
242Australia & NZ
ASIC Directs Listed Firms to Disclose Covid-19 Impacts
Firms should "tell the story" of how their businesses are impacted by the Covid-19 pandemic, including support and assistance received from government, lenders, landlords and others.
July 9, 2020 -
468Australia & NZASIC Penalises Credit Suisse for Breaching Trading Rules
Credit Suisse did not match client orders for on-market buy-backs on an order book as is required by ASIC's market integrity rules.
July 6, 2020 -
380Australia & NZSocGen Australia Pleads Guilty to Client Money Offences
SocGen failed to pay client money into segregated authorised bank accounts and made payments out of a client money account that were not permitted.
July 2, 2020 -
328Australia & NZ
ASIC Offers Whistleblower Guidance for Auditors, Company Officers
The guidance explains the obligations of company auditors and company officers under the whistleblower protection provisions under the Corporations Act.
July 1, 2020 -
364Australia & NZABA Temporarily Amends Banking Code in Light of Covid-19
The changes related to the timelines for customer communication outlined in the Code, and to banks’ obligations when lending to small business customers.
June 29, 2020 -
237Australia & NZ
APRA Seeks Additional Data from Superannuation Licensees
Superannuation licensees will have to report monthly and quarterly data covering areas such as complaints, insurance claims, operational resilience, FX exposure, and liquidity.
June 25, 2020 -
240Australia & NZ
ASIC Issues ‘Best Interests’ Guidance for Mortgage Brokers
Starting from 1 January 2021, ASIC will be closely monitoring conduct and outcomes to ensure mortgage brokers are effectively complying with the best interests duty.
June 25, 2020
