Armour reappointed as ASIC commissioner
Former Macquarie Capital executive and four-year member of the Australian Securities and Investments Commission (ASIC), Cathie Armour is being reappointed to the regulator in her position as commissioner, effective until 2 June 2022.
Minister for Revenue and Financial Services, Kelly O’Dwyer said Armour had shown strong commitment to ASIC since 2013 and excelled in her ongoing public service.
Armour is a member of Chief Executive Women and previously held multiple roles at Macquarie Capital over an 11-year period and spent five years on the corporate legal counsel of JP Morgan between 1996 and 2002.
Recommended for you
Financial Services Minister Stephen Jones has shared further details on the second tranche of the Delivering Better Financial Outcomes reforms including modernising best interests duty and reforming Statements of Advice.
The Federal Court has found a company director guilty of operating unregistered managed investment schemes and carrying on a financial services business without holding an AFSL.
The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.
Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on staff.