In its first year, the FRAA will assess ASIC to ensure it is operating in line with expectations and supporting the economic recovery.
June 28, 2021Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen's client money controls.
June 27, 2021APRA has written to large banks seeking assurances that lending standards are being maintained to prevent a buildup of risk in housing loan portfolios.
June 25, 2021Securities market participants must hold core capital of at least A$500,000, up from A$100,000 currently required. One year is given for compliance.
June 18, 2021Major shipbuilder Austal breached its continuous disclosure obligations in 2016 by failing to disclose a material change in its prior earnings guidance, ASIC says.
June 17, 2021A new information sheet provides guidance on ongoing fee arrangements, fee disclosure statements, and ongoing fee consents.
June 17, 2021ASIC is extending transitional relief provided under its new regulatory framework for foreign firms pending the outcome of the government’s announced reforms.
June 14, 2021The assumptions underlying estimates and assessments for financial reporting purposes should be reasonable, supportable, realistic, and not overly optimistic or pessimistic.
June 11, 2021The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC's Priya Kundamal.
June 11, 2021The charges against EC Audit and its director allege that the audits of Halifax Investment Services were not conducted in accordance with the relevant standards.
June 10, 2021