The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.
May 1, 2021ASIC is assessing how changes to continuous disclosure laws will affect the practicality of issuing infringement notices.
March 31, 2021James Shipton has temporarily returned to his role as chair, but will step down in the coming months. Treasury will search for a new chairperson.
February 2, 2021To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.
August 3, 2020Firms 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, 2020Covid-19 has raised the risk of significant consumer harm and serious breaches of financial services laws, says ASIC chair James Shipton.
April 14, 2020The updated MoU was a royal commission recommendation to enable more proactive engagement between the two regulators.
December 2, 2019The MoU sets out cooperation arrangements to complement the EU’s July equivalence decision, as well as to ensure effective information exchange and supervisory coordination.
October 22, 2019ASIC says the boards of listed companies need to review their governance practices and accountability structures to ensure effective management of non-financial risks.
October 2, 2019Of 105 investigations and court actions underway against financial institutions at the end of July, 86 related to the big four banks and AMP.
September 13, 2019