Articles on ASIC

Displaying 1 - 20 of 87 articles

Banking inquiries in their current form serve as political theatre, rather than as a genuine form of accountability. Lukas Coch/AAP

Banking inquiry findings – ask the wrong questions get the wrong answers

Members of House Standing Committee on Economics should be asking the directors of Australia's Big Four banks (not the CEOs) different questions, if they really want the right answers.
Mortgage tracker rates follow the cash rate. www.shutterstock.com

Business Briefing: rate tracker mortgages

Business Briefing: rate tracker mortgages. The Conversation16.3 MB (download)
Rate tracker mortgages could provide some certainty for customers and increase trust in the banking sector.
The Australian Prudential Regulation should be put up for a capability review. Mick Tsikas/AAP

APRA takes the easy road out with risk culture

Just when we all thought that the Australian Securities and Investments Commission (ASIC) had already won the race to be most ineffective regulator of the year, up pops the Australian Prudential Regulation…
Kelly O'Dwyer said legislation would be introduced into parliament this year to mandate professional standards for advisers. Mick Tsikas/AAP

Slow start to new standards requirements for financial advisers

The large banks and AMP will be required to fund the establishment of a new independent body to oversee the professional standing of the much-criticised financial services industry.
Many Australians will not benefit from the Financial Services Council’s new life insurance code, Gail Pearson says. www.shutterstock.com

New life insurance code riddled with loopholes

The Financial Services Council code of conduct for life insurance is the industry's last chance to reform before the government steps in.
NAB CEO Andrew Thorburn defended the culture of the bank he works for during the House of Representatives Standing Committee on Economics annual public hearing. Lukas Coch/AAP

Big four bank chiefs face parliamentary committee: experts react

As the chief executives of Australia's big four banks come before a House of Representatives economics committee, we ask a panel of experts what questions the banks should be answering.
Investors need to know if there is impairment of assets, but research shows firms don’t always disclose all the information they should about this. Dean Lewins/AAP

Companies may be misleading investors by not openly assessing the true value of assets

Managers of well-known Australian companies are misleading investors by taking years to recognise asset impairments and not disclosing that information in financial reporting.
ASIC hopes it will lure fintech startups from Australia and Singapore to its innovation program. www.shutterstock.com

Business Briefing: ASIC tries to prevent fintech startups from becoming scammers

Business Briefing: ASIC tries to prevent fintech startups from becoming scammers.
ASIC is teaming up with its Singaporean counterpart to encourage more fintech startups and dip its toe into the fast moving waters of the digital economy.
Stockbroker Oliver Curtis leaves at lunchtime with his wife Roxy Jacenko at the Supreme Court of New South Wales in Sydney. David Moir/AAP

Insider trading is greedy, not glamorous, and it hurts us all

It doesn't matter how much Oliver Curtis and John Hartman stood to gain from insider trading, what matters is what we all lose from market tampering.

Top contributors

More