All posts tagged "James Shipton"
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446Australia & NZASIC to Hold Public Hearings on Responsible Lending
The public hearings will provide a "robust and transparent way" to air issues and views raised in written submissions responding to ASIC's February consultation on responsible lending.
July 2, 2019 -
1.7KAustralia & 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 -
498Australia & NZ
ASIC, APRA Granted New Intervention Powers
ASIC can intervene where financial and credit products put consumers at risk; APRA can intervene to prevent harm to superannuation members.
April 5, 2019 -
948Australia & NZRoyal Commission Final Report Packs a Powerful Punch
The Final Report on Australia's Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.
February 5, 2019 -
514Australia & NZAPRA Gets A$60mn in New Funding, Byres 5-Year Reappointment
Following Royal Commission findings that APRA never took a financial institution to court, the agency said it needed more funding to take a more aggressive enforcement approach.
November 5, 2018 -
451Australia & NZASIC to Begin Embedding Staff within Banks Starting with CBA
ASIC officials will begin working at CBA starting from next week and will go in and out of other institutions, focusing on institutional behaviour and decision making.
October 26, 2018 -
446Australia & NZ
ASIC Will Use Every Power Available to Punish Dishonest Behaviour – Shipton
The Royal Commission has reinforced that the financial industry has abandoned its core role of being custodians of other peoples’ money, said ASIC chair James Shipton.
October 19, 2018 -
446Australia & NZ
ASIC Report Reveals ‘Unacceptable Delays’ by FIs in Handling Breaches
Institutions take over 4 years to identify breaches, over 2 months to start an investigation into identified breaches, and 2.5 months to lodge breach reports with ASIC.
September 26, 2018
