australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

Limited resources is reason for not acting on lenders of last resort: ASIC

ASIC claims it is constrained by limited resources and a priority to protect consumer investors after claims it has overlooked the actions of commercial lenders...

Policy & Regulation

Did ASIC lack intelligence and skills?

The Senate Committee reviewing ASIC’s performance is likely to make recommendations based on how past failures were owed to a lack of intelligence and necessary skills....

Financial planning

Regulators echo calls for central clearing

Australia’s financial regulators have joined forces to back central clearing on dealer-traded derivatives....

Funds management

ASIC seeks penalties against Mariner directors

ASIC begins legal proceedings over failed takeover bid...

Financial planning

ASIC rebuffs allegations of former employee

ASIC promises comprehensive rebuttal of claims made by a former employee about undue influence in the granting of relief around online calculators....

Financial planning

Lessons to be learned from an enforceable undertaking

An enforceable undertaking is one of the major challenges that can confront a financial services business, writes Grant Holley, but it need not be a nightmare and can be ...

Financial planning

The importance of good leadership in a dealer group

No one would deny that the role of a leader in business is critical. It defines a business’ culture, staff retention, customer satisfaction – and in the end its growth an...

Policy & Regulation

Regulator accused of causing confusion

Opposition parliamentarian Ed Husic has claimed ASIC is 'walking both sides of the street’ in taking a facilitative approach to regulating the implementation of the FOFA ...

Financial planning

ASIC wants tougher line on advice failures

ASIC will seek to ban management figures in financial planning firms that are involved in advice failures....

Financial planning

Vertically integrated advice vs self-licensing and non-aligned advice

Milana Pokrajac examines the advantages and disadvantages of vertically integrated advice compared to self-licensing and non-aligned advice....

Editorial

Where to now for the Financial Ombudsman Service?

If financial planners were given a choice between the model underpinning the Superannuation Complaints Tribunal and that underpinning the Financial Ombudsman Service, wha...