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Showing 101 - 110 of 558 results for "Joe"

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... relying on existing policies, ASIC said it was not clear whether this was the result of a deliberate decision. ASIC chair Joe Longo believes the adoption will ultimately influence how AI impacts consumers. While the technology can provide opportunities ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
A Queensland-based financial services business has lost its Australian financial service licence (AFSL) following its failure to comply with licensee obligation. ASIC revoked the AFSL of Next Generation Advice (in liquidation) (Next Gen) after the Queensland ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... Commission (ASIC) has made two appointments to its senior executive leadership team. Following an international search, ASIC chair Joe Longo announced the appointment of Peter Soros as executive director regulation and supervision, and Chris Savundra ...

Harris vs Trump: Key economic policy differences

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
... can be difficult to predict. "The current US Vice President, Kamala Harris' policy proposals closely echo those of President Joe Biden in many ways. Indeed, the Harris proposal for a rise in the corporate tax rate from 21% to 28% featured in Biden's ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
The Federal Court ordered the wind up of Global Capital Property Fund (GCPF) shortly after director Joel Hewish was banned from working in the industry for 10 years. The hearing on October 3 appointed FTI Consulting as liquidators to GCPF after ASIC ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... appealed to the Federal Court's ruling two months later. Commenting on ANZ's appeal being quashed on October 2, ASIC chair Joe Longo said: "ASIC will always defend the integrity of Australia's markets. This is an important case that confirms how critical ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... accountability for its conduct. Macquarie's inertia was a large factor in ASIC determining the size of the penalty. ASIC chair Joe Longo said: "The record penalty imposed by the MDP reflects the serious, prolonged, and potential systemic failures by ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... product continues to be suitable for them, whether they continue to fall within the target market. More recently, ASIC chair Joe Longo, while on stage at the Australian Compliance Institute Annual Conference, conceded that the workload for compliance ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... private markets and emerging financial products will form a new pillar of ASIC's expanded strategic priorities. ASIC chair Joe Longo said the agency's corporate plan included a new pillar in its strategic priorities that underscored a commitment to strengthening ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... integrity of our markets. We believe this was a collective failure by the ASX board and senior executives at the time," ASIC chair Joe Longo said. "Companies and market participants rely on what the ASX says about its operations to make their own decisions ...