Editor's Choice
ASIC reads the riot act to the super industry: Longo
ASIC chair Joe Longo has hailed the superannuation industry's $4.1 trillion war chest, which is larger than the ASX's total market capitalisation, as an impressive achievement.
ASX offloads interest in Digital Asset
The Australian Securities Exchange (ASX) has sold its shareholding in Digital Asset Holdings, the firm it partnered with in 2016 to build the doomed CHESS replacement.
Super tax requires a 'holistic' review: ASA
The Australian Shareholders' Association (ASA) is urging the federal government to reconsider the proposed terms on the Division 296 superannuation tax.
Msquared Capital secures $150m warehouse facility with Australian bank
Private credit manager Msquared Capital has established its inaugural $150 million warehouse facility in partnership with "a leading Australian bank."
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Liz McCarthy
CHIEF EXECUTIVE OFFICER, MLC EXPAND
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Liz McCarthy has spent her whole life on the move, which has taught her invaluable lessons about life, work and always moving forward. Eliza Bavin writes.
ASIC is taking an approach which puts them in the spotlight as a tough regulator. On balance they appear to be losing more court cases than they are winning at the moment.
So, for a self-identified and self-reported disclosure issue, Morningstar, much like a few of the other ones recently, gets dragged through the mud and ASIC gets a headline.
The regulators talk and talk about Risk Culture and fostering an environment of openness yet ASIC seems to be taking an approach which is contrary to all this. How many entities are now trying to find ways of not reporting given they know ASIC appears to have no tolerance for one-off minor breaches, which this appears to be?