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Showing 121 - 130 of 471 results for "ASIC Commissioner"

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... Westpac superannuation products. In doing this, Westpac failed to act in the best interests of their customers," ASIC commissioner Danielle Press said. "Consumers' decisions about their superannuation are significant long-term financial decisions ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... trading platforms to invest in financial products, namely exchange-traded and over-the-counter financial products. ASIC commissioner Cathie Armour said auditors are important gatekeepers to the market and play a key role in ensuring financial reports ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
... significant financial and reputational risk for failing to have the systems in place to prevent overcharging," ASIC commissioner Sean Hughes said. Following an investigation by ASIC, CBA admitted to false or misleading representations and engaged in ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
... is particularly aimed at navigating greenwashing and mislabelling of funds. Meanwhile, ASIC's work continues. ASIC commissioner Cathie Armour told the Australian Institute of Company Directors recently that the regulator is applying scrutiny to the labelling ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... consultation is open until August 17. ASIC plans to publish final guidelines in September, for the October start. ASIC commissioner Danielle Press said the reforms strengthen and consolidate the three existing hawking prohibitions into a single prohibition ...

Zenith introduces ESG classification

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... issues, particularly around sustainability." The corporate regulator is cracking down on greenwashing practices. ASIC commissioner Cathie Armour flagged that the review looks to unearth any type of ESG mislabelling slapped across investment products. ...

ASIC review of ESG products underway

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
... review of ESG funds, analysing whether they're as 'green' as they claim to be. Writing on the aims of the review, ASIC commissioner Cathie Armour said there is growing anxiety as to the risks of greenwashing - "partly driven by a lack of clarity about ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... shares and receive a benefit that can be tax advantageous depending on the shareholder's circumstances. ASIC commissioner Danielle Press said Westpac's failure to notify customers of corporate actions means customers may have missed out on various ...

Regulators urge wider DDO adoption

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... will be "an evolution in sophistication" over time for both instruments. This first roundtable was hosted by ASIC commissioner Danielle Press and APRA deputy chair Helen Rowell. The chief executives in attendance included Aware Super's Deanne Stewart ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... operational risks associated with inadequate preparation," ASIC, APRA and the RBA said in a joint statement. ASIC commissioner Cathie Armour added: "Firms should, as soon as practicable, stop the sale and issuance of LIBOR-referenced contracts that expire ...