The Australian Securities Exchange – or ASX – is supposed to keep financial markets ‘fair, orderly and transparent’. Why is it being taken to court?
Academic rigour, journalistic flair
Articles on ASIC
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ASIC is stultifying under ineffective governance and a mandate so broad that it can point to almost any action as being relevant to its duties.
If big money is going to invest in clean energy and technology, the rules have to be clear. Australia’s launch of a green finance strategy last week was a good start but there is further to go.
While the ACCC, ASIC and a new senate inquiry begin to flush out greenwashing, we take a closer look at dodgy climate claims. Complaints and court cases are stacking up. Here’s what you need to know.
The licence didn’t extend to trading in cryptocurrenices, and had been granted to a firm FTX took over, rather than FTX itself.
UN Secretary-General António Guterres says rules around corporate emissions reporting are “wide enough to drive a diesel truck through”.
ASIC suspects some super fund trustees of using inside information for personal gain, but they might not be caught by the insider trading laws.
The implosion of the Australian Securities and Investments Commission, has gone from tragedy to farce.
The royal commission wanted the corporate cop to first ask ‘why not litigate?’. The treasurer’s new guidelines suggest it should instead ask ‘why not negotiate?’.
The National Consumer Credit Protection Amendment bill goes against two explicit recommendations of the banking royal commission.
It was one of only two recommendations the government rejected.
Independent MP Helen Haines’s bill will likely not pass without the government’s support, but it proposes a robust body with suitable accountability mechanisms. It’s worth serious consideration.
If anything, the standards are becoming easier, rather than harder, to apply.
It’ll be up to the borrower, not the lender to determine whether what’s offered is suitable under changes to be detailed in the budget.
ASIC is passing up opportunities to prosecute, all the more so in this ‘very different economic environment’.
AMP’s handling of sexual harassment charges shows its culture is still rotten.
The Reserve Bank has scheduled an announcement for Thursday. The government will unveil a second coronavirus stimulus package within days.
Westpac’s 154 page financial statement will be a challenge for shareholders attending Thursday’s annual general meeting. In the early 2000s, it was only 35 pages.
The government has agreed to create an independently-chaired body to report on the performance of ASIC and APRA, but it hasn’t said its reports will be made public.
The odds of winning are no better than even, and the costs of losing are enormous. We ought to limit forex to traders who can demonstrate their expertise.
Top contributors
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Senior Lecturer, Faculty of Law, University of Wollongong
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Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
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Professorial Fellow, University of Canberra
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Professor of Law, The University of Western Australia
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Professor of Corporate Law & Academic Director of UNE Sydney campus, University of New England
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MinterEllison Professor of Risk and Regulation, UNSW Law; Director, Centre for Law Markets and Regulation, UNSW Law, UNSW Sydney
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Lecturer in Corporations Law and Regulation of Corporate Misconduct, The University of Queensland
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Emeritus Professor, Melbourne Law School, The University of Melbourne
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Professor of Public Policy & Law, Centre for Governance & Public Policy, Griffith University
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Associate Professor, Corporate Law, University of Sydney Business School, University of Sydney
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Professor, UTS Business, University of Technology Sydney
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Professor of Public Ethics, Charles Sturt University
